[Xiechuang Data: Plan to launch 4.8936 million restricted stock incentive plan] On September 29, Xiechuang Data (300857.SZ) announced that the company has released a 2026 restricted stock incentive plan and plans to grant 4.8936 million restricted shares to incentive targets, accounting for 1.00% of the company's total share capital, with a grant price of 124.82 yuan per share. 3.9149 million shares were granted for the first time, involving 92 incentive targets, including directors, senior managers and core business/technical personnel; 978,700 shares were reserved. The incentive plan is valid for a maximum of 48 months, and the first grant vests in three installments, with proportions of 30%, 30%, and 40% respectively. The performance assessment is based on 2025. The target operating income growth rates from 2026 to 2028 are 130%, 340%, and 700% respectively, and the target net profit growth rates are 225%, 340%, and 700% respectively. The total cost of the first grant of equity is expected to be 596 million yuan.