Shenzhen Demingli Technology Co., Ltd. (hereinafter referred to as "the Company" or "Demingli") held the 41st meeting of the second board of directors on April 7, 2026, where it reviewed and approved the proposal to adjust the repurchase price of the 2024 Restricted Stock Incentive Plan. Due to the Company's implementation of the 2025 annual equity distribution, the board adjusted the repurchase quantity and price of the 2024 Restricted Stock Incentive Plan in accordance with the relevant provisions of the "2024 Restricted Stock Incentive Plan (Draft)" and the authorization from the second extraordinary general meeting of shareholders in 2024. The relevant information is announced as follows:
I. Decision-Making Procedures and Information Disclosure for the 2024 Restricted Stock Incentive Plan
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On July 23, 2024, the Company held the fifth meeting of the Compensation and Assessment Committee of the second board of directors, where it reviewed and approved the proposals regarding the "2024 Restricted Stock Incentive Plan (Draft)" and its summary, as well as the "Implementation Assessment Management Measures for the 2024 Restricted Stock Incentive Plan." On the same day, the Company held the 19th meeting of the second board of directors, where it reviewed and approved the same proposals and authorized the board to handle matters related to the 2024 Restricted Stock Incentive Plan. The 18th meeting of the second supervisory board was also held on July 23, 2024, where similar proposals were reviewed and approved. Guangdong Xinda Law Firm issued a legal opinion on the relevant matters.
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On July 23, 2024, Mr. Zhou Jianguo, an independent director, was entrusted by other independent directors as the collector to publicly solicit proxy voting rights from all shareholders regarding the proposals related to the 2024 Restricted Stock Incentive Plan discussed at the second extraordinary general meeting of shareholders in 2024.
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From July 24 to August 2, 2024, the Company publicly announced the names and positions of the incentive targets on its website. During the announcement period, the supervisory board did not receive any objections from internal personnel regarding the incentive targets of this incentive plan. On August 3, 2024, the Company disclosed the supervisory board's explanation and verification opinion on the public announcement of the list of incentive targets for the initial grant of the 2024 Restricted Stock Incentive Plan.
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On August 9, 2024, the Company held the second extraordinary general meeting of shareholders in 2024, where it reviewed and approved the proposals regarding the "2024 Restricted Stock Incentive Plan (Draft)" and its summary, the "Implementation Assessment Management Measures for the 2024 Restricted Stock Incentive Plan," and authorized the board to handle matters related to the restricted stock incentive plan.
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On August 10, 2024, the Company disclosed the self-inspection report on the trading situation of insiders and incentive targets regarding the 2024 Restricted Stock Incentive Plan. No insider trading or leakage of insider information was found within six months prior to the public disclosure of this incentive plan.