Kanglong Chemical (03759) plans to adopt the 2026 H share incentive plan

According to Zhitong Finance App News, Kanglong Chemical (03759) issued an announcement to ensure the continuity, compliance and operability of the company's equity incentive mechanism, while fully mobilizing the enthusiasm and creativity of employees, effectively enhancing the cohesion of the core team and the core competitiveness of the enterprise, and promoting the company's sustainable, stable and high-quality development. The board of directors has decided and approved the adoption of the 2026 H share incentive plan. The plan limit is 28 million H shares. The sources of relevant shares include inventory H shares repurchased by the Company from time to time and new H shares issued by the Company from time to time. It is expected that the 2026 H share incentive plan will be valid for 10 years from the date of adoption. The terms of the 2026 H Share Rewards Program will meet the requirements of Chapter 17 of the Hong Kong Stock Exchange Limited Securities Listing Rules.

The 2026 H share reward plan must be passed by the company's shareholders (shareholders) to approve the adoption of the 2026 H share incentive plan before it can take effect. Regarding the adoption of the 2026 H share award plan, the board of directors will also request shareholders to grant the board share repurchase authorization. One of the purposes of the authorization is to implement the 2026 H share award plan, and authorize the board of directors and their authorized persons to manage the 2026 H share award plan.