Beijing YanDong MicroElectronic (688172.SH) plans to grant 35.9 million restricted shares.

Beijing YanDong MicroElectronic (688172.SH) disclosed the 2024 Restricted Stock Incentive Plan (draft), the total number of restricted stocks to be granted to incentive recipients is 35.9 million shares (including 30.4 million shares for the first grant, and reserving 5.5 million shares). Among them, the total number of the first type of restricted stocks to be granted is 4.15 million shares (reserving 0.36 million shares), and the total number of the second type of restricted stocks to be granted is 31.75 million shares (reserving 5.14 million shares). The initial incentive recipients do not exceed 347 individuals. The initial grant price for restricted stocks is 6.67 yuan per share. The validity period of the first type of restricted stocks in this plan is from the date of approval by the shareholders' meeting to the date when all restricted stocks are released for sale or repurchase, not exceeding 72 months; the validity period of the second type of restricted stocks in this plan is from the date of approval by the shareholders' meeting to the date when all restricted stocks are allocated or invalidated, not exceeding 72 months.