PRODUCTIVE TECH Subsidiary Xuzhou Unit Implements Equity Incentive Scheme

Stock News04-29

PRODUCTIVE TECH (00650) has announced that its subsidiary, Xuzhou Productive Tech, has adopted an equity incentive plan. This initiative is part of the group's strategy to motivate its directors, senior management, and employees. On April 29, 2026, the company, Xuzhou Productive Tech, and Dr. Liu Erzhuang entered into an incentive framework agreement. The agreement adjusts Dr. Liu's compensation and incentive structure for the three-year period from June 1, 2026, to May 31, 2029, and stipulates the grant of incentive options to him by Xuzhou Productive Tech. Key terms include: (i) a reduction of Dr. Liu's annual bonus by USD 1 million for each of the three years; and (ii) Dr. Liu's qualification as the first participant under the equity incentive plan. Upon full exercise of the incentive options, he will acquire RMB 6.1258 million in registered capital of Xuzhou Productive Tech, equivalent to 5% of the subsidiary's total registered capital after the full exercise of all options under the plan. Dr. Liu is not required to pay any consideration for the grant of the incentive options.

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