August 18, 2023，The company held the twenty-first meeting of the fifth board of directors.，The meeting deliberated and approved the equity incentive plan.、Buyback program、Set up an international business department、And“Three years of quadrupling business performance，Realize the reconstruction of a Helen Zhe”Strategic objectives and other matters.，It conveys the company's confidence in rapid and high-quality development.。

The next three years，The company will actively implement the national industrial economic development policy.，Insist on taking special high-end intelligent equipment manufacturing as the development center，Steady development of the domestic market and vigorous expansion of the international market two-wheel drive，Deep ploughingTeKind of vehicle、Special robots and military industryAnd other intelligent equipment manufacturing fields.，Strive to achieve“Quadrupling of business performance、Rebuild a Helen Zhe”Business objectives，Build Helen Zhe intoWell-known leading enterprise of special intelligent equipment manufacturing in the industry。The overall objectives of the strategy can be summarized as follows:“One、Two、Three、Two、One”，That is，

One、Two、Three、Two、One

☑ Stick to one center☑ Implement two-wheel drive   ☑Make the three main businesses bigger and stronger☑ Quadruple performance☑ Rebuild a Helen Zhe
This strategic goal is the crystallization of the company's collective wisdom.，Carry forward the past and forge ahead into the future，It is the action guide for future development.。To ensure the smooth realization of the goal.，And based on the recognition of the company's value.，The company simultaneously launched a share repurchase plan and a restricted stock incentive plan.，Fully mobilize the enthusiasm of the company's employees，Effectively integrate the interests of shareholders、The interests of the company and the personal interests of the core team are combined.，Make all parties pay attention to the long-term development of the company.，Ensure the realization of the company's development strategy and business objectives。The total capital of this repurchase plan is 50 million yuan.-100 million yuan，The repurchase price is not higher than 5.Five yuan，The implementation period of share repurchase shall not exceed 12 months from the date of approval of the share repurchase plan by the shareholders'meeting of the company.，The repurchased shares will be used for equity incentives or employee stock ownership plans.。This equity incentive plan is the second type of restricted stock.，The grant price is 1.96 yuan/Shares，The share count is 20.8 million shares.，2% of the total share capital of the Company%，Among them, 16.64 million shares were granted for the first time，4.16 million shares are reserved，The reserved portion accounts for approximately 20% of the Incentive Scheme%，The reserved shares are used to motivate potential employees and attract high-end talents.。The number of people to be encouraged for the first time is 80.，Among them, there are 7 directors and executives.，Middle management and core technology（Business）Backbone and 73 other personnel considered by the board of directors to be in need of incentive。The company has formulated strict performance appraisal management methods.，The assessment indicators are divided into：

Performance evaluation conditions at the company level

Individual level performance appraisal conditions

The assessment at the company level is based on the growth rate of net profit relative to 2022.，The assessment year is 2023.-2025，Calculate the proportion of ownership at the company level according to the corresponding completion of the indicators each year.。The target values are 175%、285%、439%，The trigger value is 120%、208%、331%，If the company's net profit does not reach the trigger value of the above performance evaluation indicators，All restricted shares attributable to the Incentive Participants under the Scheme in the year of assessment shall be cancelled.，And become invalid。

 

So，The equity incentive plan allocates more than just the stock itself.，It is also a responsibility and expectation.！We look forward to working together.，Be able to successfully achieve the established goals of the company's strategic planning，Drive the company higher、Develop in a further direction！

Attached：Full text of strategic objectives