002273SZSE

Announcement on the Completion of Sale of the Third Batch of Shares under the Seventh Phase Employee Stock Ownership Plan and Termination of the Plan

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Zhejiang Crystal Optoelectronics Co., Ltd. announces the completion of the sale of the third batch of shares under its Seventh Phase Employee Stock Ownership Plan. All 6.915 million shares, representing 0.50% of the total share capital, have been sold. The plan has now been fully implemented and terminated, with subsequent asset liquidation and distribution to follow.

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Securities Code: 002273 Stock Abbreviation: Crystal Optoelectronics Announcement No.: (2026) 026

Zhejiang Crystal Optoelectronics Co., Ltd.

Announcement on the Completion of Sale of the Third Batch of Shares under the Seventh Phase Employee Stock Ownership Plan and Termination of the Plan

The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and that there are no false records, misleading statements, or material omissions.

Zhejiang Crystal Optoelectronics Co., Ltd. (hereinafter referred to as the "Company") deliberated and approved the "Proposal on the Draft of the Seventh Phase Employee Stock Ownership Plan of Zhejiang Crystal Optoelectronics Co., Ltd. and its Summary" (hereinafter referred to as the "Seventh Phase Employee Stock Ownership Plan (Draft)") and the "Proposal on Authorizing the Board of Directors to Handle Matters Related to the Seventh Phase Employee Stock Ownership Plan of Zhejiang Crystal Optoelectronics Co., Ltd." at the tenth meeting of the sixth Board of Directors held on December 12, 2022, and the fourth extraordinary general meeting of shareholders in 2022 held on December 28, 2022. It was agreed that the Company would implement the Seventh Phase Employee Stock Ownership Plan (hereinafter referred to as the "Employee Stock Ownership Plan" or "this Stock Ownership Plan"), and authorized the Board of Directors to handle all matters related to this Stock Ownership Plan. For details, please refer to the relevant announcements disclosed by the Company on December 13, 2022, and December 29, 2022, in the information disclosure media "Securities Times" and the information disclosure website CNinfo.com.cn.

The third batch of shares under the Company's Employee Stock Ownership Plan has been sold recently, and the plan has been fully implemented. In accordance with the "Guiding Opinions on the Pilot Implementation of Employee Stock Ownership Plans for Listed Companies" issued by the China Securities Regulatory Commission, the "Code of Practice for Main Board Listed Companies" of the Shenzhen Stock Exchange, and the "Seventh Phase Employee Stock Ownership Plan (Draft)" of the Company, the relevant matters are hereby announced as follows:

I. Basic Information of the Employee Stock Ownership Plan

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