Cambridge Technology Proposes Adoption of A-Share and H-Share Incentive Plans

Cambridge Technology (06166) announced that its board of directors has resolved to recommend the adoption of an A-share incentive plan and an H-share incentive plan. The decision was made during a board meeting held on March 30, 2026. The plans are designed to reward eligible participants for their contributions and to attract suitable talent for the further development of the group.

The shares for the A-share incentive plan will be sourced from the company's private placement of domestically listed ordinary Renminbi-denominated A-shares to the incentive recipients, excluding treasury shares. The H-share incentive plan will utilize ordinary H-shares issued by the company and any available treasury shares.

The A-share incentive plan proposes to grant a total of 15.5713 million equity awards, representing approximately 4.42% of the company's total share capital of 352.650373 million shares as of the announcement date. The initial grant will comprise 14.5713 million awards, accounting for about 4.13% of the total share capital and 93.58% of the total awards under the A-share plan. A reserved portion of 1 million awards represents approximately 0.28% of the total share capital and 6.42% of the A-share plan's total awards.

The A-share incentive plan covers 1,064 participants, constituting 78.58% of the company's total workforce of 1,354 employees as of December 31, 2025. Under the plan, 13.8535 million stock options are proposed to be granted, representing approximately 3.93% of the company's total share capital as of the draft plan announcement date. The initial grant of stock options amounts to 12.8535 million, accounting for about 3.66% of the total share capital and 92.81% of the total stock options under the A-share plan. The reserved portion of 1 million stock options represents approximately 0.28% of the total share capital and 7.22% of the total stock options.

The exercise price for the initially granted stock options under the A-share incentive plan is set at RMB 113.99 per option. Additionally, the plan proposes to grant 1.7128 million restricted shares, representing approximately 0.49% of the company's total share capital as of the draft plan announcement date. This grant will be a one-time allocation with no reserved equity. The grant price for the restricted shares is set at RMB 57.00 per share.