Allied Machinery has completed the initial registration of restricted stock for 2025, granting 1.6516 million shares

On September 25, 2025, Allied Machinery completed the first registration of restricted stock under the 2025 restricted stock incentive plan. August 6 was the initial grant date, and the grant price was adjusted from RMB 10.27 per share to RMB 9.92 per share due to equity distribution. A total of 1.6516 million shares were granted to 156 incentive recipients, accounting for approximately 0.69% of the company's total equity. The shares were sourced from repurchases in the secondary market. The incentive plan has a maximum validity period of 48 months, with lock-up periods of 12, 24, and 36 months, and the release ratios are 30%, 30%, and 40%, respectively. The subscription funds will be used to supplement working capital, with a total estimated cost of RMB 24.8731 million. Although this will impact net profits in each year, the positive effects of the incentive may lead to performance improvements that exceed the increase in costs. This grant does not change the total share capital or the controlling shareholder