Recently, Sinodrills launched the equity incentive project, and the first phase of the implementation plan has been successfully implemented and completed. A total of 1 million virtual shares were granted to 9 incentive objects. This milestone marks a major breakthrough for the company in building an efficient talent incentive mechanism, closely linking the interests of employees with the long-term development of the company.

For this equity incentive project, Sinodrills has introduced a scientific and comprehensive "1-3-2" virtual share to registered share conversion plan. This plan entitles the incentive recipients to enjoy on-the-job dividends in the first year, providing immediate rewards. In the following three years, those who pass the rolling assessment will be promoted to be registered shareholders. The equity is distributed based on job contributions, allowing them to share the fruits of the enterprise's growth. The shares after registration will have a two-year lock-up period to escort the company and the talent team to move forward steadily. After the lock-up period expires, equity transactions will not be restricted. This plan not only builds a clear and definite career development path for talents, but also optimizes the company's equity structure and stabilizes the talent team.

This move demonstrates Sinodrills' profound understanding and high attention to the value of talents, and is the concrete practice of its comprehensive upgrade of the talent strategy. Looking forward to the future, Sinodrills will continue to adhere to the "people-oriented" principle, continuously optimize the incentive policy, provide a stage for every aspiring individual to realize higher value, join hands to create a more splendid and glorious tomorrow, and contribute to the development of the industry.