Announcement on the Cancellation of Part of the 2022 Stock Option Incentive Plan

Securities Code: 002126 Bond Code: 127037 Securities Abbreviation: Yinlun Stock Bond Abbreviation: Yinlun Convertible Bond Announcement Number: 2026-053 ZHEJIANG YINLUN MACHINERY CO., LTD. Announcement on the Cancellation of Part of the 2022 Stock Option Incentive Plan The Company and all members of the Board of Directors guarantee the content of the information disclosure is true, accurate, and complete, and there is no false record, misleading statement or major omission. Zhejiang Yinlun Machinery Co., Ltd. (hereinafter referred to as the "Company") held the 39th meeting of the 9th Board of Directors on June 22, 2026, and reviewed and approved the "Proposal on Cancelling Part of the 2022 Stock Option Incentive Plan". The relevant matters are hereby announced as follows: I. Approval Procedures and Summary of the 2022 Stock Option Incentive Plan

1. On March 9, 2022, the Company held the 19th meeting of the 8th Board of Directors, which reviewed and approved the "Proposal on the 2022 Stock Option Incentive Plan (Draft) and its Summary", the "Proposal on the Implementation and Management Measures of the 2022 Stock Option Incentive Plan", and the "Proposal on Authorizing the Board of Directors to Handle Matters Related to the 2022 Stock Option Incentive Plan by the General Meeting of Shareholders". The independent directors of the Company have issued independent opinions on the matters related to the Company's equity incentive plan.
2. On March 9, 2022, the Company held the 15th meeting of the 8th Supervisory Board, which reviewed and approved the "Proposal on the 2022 Stock Option Incentive Plan (Draft) and its Summary", the "Proposal on the Implementation and Management Measures of the 2022 Stock Option Incentive Plan", and the "Proposal on Verifying the List of Initial Grantees of the 2022 Stock Option Incentive Plan".
3. From March 10, 2022, to March 19, 2022, the Company publicly announced the names and positions of the proposed grantees of the current incentive plan on its internal office system. During the announcement period, the Company's Supervisory Board did not receive any objections to the list of proposed grantees.
4. On March 25, 2022, the Company's 2022 Second Extraordinary General Meeting of Shareholders reviewed and approved the "Proposal on the 2022 Stock Option Incentive Plan (Draft) and its Summary", the "Proposal on the Implementation and Management Measures of the 2022 Stock Option Incentive Plan", and the "Proposal on Authorizing the Board of Directors to Handle Matters Related to the 2022 Stock Option Incentive Plan by the General Meeting of Shareholders". The Board of Directors was authorized to determine the grant date of stock options and to grant stock options to eligible grantees when they meet the conditions, and to handle all matters necessary for the grant of stock options.
5. On April 1, 2022, the Company held the 20th meeting of the 8th Board of Directors and the 16th meeting of the 8th Supervisory Board, respectively, and reviewed and approved the "Proposal on Adjusting the List of Initial Grantees and the Number of Shares Granted for the 2022 Stock Option Incentive Plan" and the "Proposal on the Initial Grant of Stock Options to Grantees".
6. On August 12, 2022, the Company held the 26th meeting of the 8th Board of Directors and the 21st meeting of the 8th Supervisory Board, respectively, and reviewed and approved the "Proposal on Granting Reserved Stock Options to Grantees".
7. On December 26, 2022, the Company held the 31st meeting of the 8th Board of Directors, which reviewed and approved the "Proposal on Adjusting the Exercise Price of the 2022 Stock Option Incentive Plan". Due to the equity distribution in 2021, the exercise price of stock options was adjusted from RMB 10.14 per share to RMB 10.06 per share. For details, please refer to the "Announcement on Adjusting the Exercise Price of the 2022 Stock Option Incentive Plan".
8. On May 23, 2023, the Company held the 35th meeting of the 8th Board of Directors and the 28th meeting of the 8th Supervisory Board, which reviewed and approved the "Proposal on the Achievement of the First Tranche Exercise Conditions for the First Grant of the 2022 Stock Option Inc