Shenzhen S.C. New Energy Technology Corporation 2026 Plan for Issuance of A-Shares to Specific Targets

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Shenzhen S.C. New Energy Technology Corporation

2026 Plan for Issuance of A-Shares to Specific Targets

July 2026

Declaration

1. The Company and all members of the Board of Directors warrant that this plan does not contain any false records, misleading statements, or material omissions, and accept individual and joint legal responsibility for the authenticity, accuracy, and completeness of this plan.

2. Upon completion of this issuance of shares to specific targets, the Company shall be solely responsible for any changes in its operations and earnings; investors shall be solely responsible for any investment risks arising from this issuance.

3. This plan is the Board of Directors' explanation of this issuance of shares to specific targets; any contrary statements are false representations.

4. Investors with any questions should consult their stockbrokers, lawyers, professional accountants, or other professional advisors.

5. The matters described in this plan do not represent a substantive judgment, confirmation, approval, or verification by the approval authorities regarding the matters related to this issuance. The effectiveness and completion of this issuance are subject to approval by the Company's shareholders' meeting, the Shenzhen Stock Exchange, and the China Securities Regulatory Commission.

Important Notice

The terms or abbreviations used in this section have the same meanings as those defined in this plan.

1. The matters related to this issuance of shares to specific targets have been reviewed and approved at the 44th meeting of the 6th Board of Directors. This issuance is still subject to approval by the Company's shareholders' meeting, the Shenzhen Stock Exchange, and the China Securities Regulatory Commission.

2. The target of this issuance is the Company's controlling shareholder, Shanghai Fengwang, which will subscribe to the shares in cash. The total amount of funds raised shall not exceed 1.5 billion RMB (inclusive). After deducting relevant issuance expenses, the net proceeds are intended to be used entirely for debt repayment and supplementing working capital.

3. The pricing base date for this issuance is the first day of the issuance period. The issue price shall not be lower than 80% of the average trading price of the Company's shares for the 20 trading days preceding the pricing base date (average trading price = total trading value for the 20 trading days / total trading volume for the 20 trading days). If the Company undergoes ex-rights or ex-dividend events such as dividend distribution, bonus issues, or capitalization of capital reserves between the pricing base date and the issuance date, the issue price will be adjusted accordingly.

4. The number of shares to be issued is determined by dividing the total proceeds by the issue price, with a maximum of 84,076,119 shares (inclusive), not exceeding 30% of the Company's total share capital prior to this issuance. If the Company undergoes ex-rights or ex-dividend events between the pricing base date and the issuance date, the issuance quantity range will be adjusted accordingly. The final number of shares will be determined by the Board of Directors or its authorized personnel in consultation with the sponsor (lead underwriter) after approval by the Shenzhen Stock Exchange and the China Securities Regulatory Commission.

5. This issuance constitutes a related-party transaction. When the Board of Directors reviewed the relevant proposals, related directors abstained from voting; at the shareholders' meeting, related shareholders will abstain from voting on the relevant proposals.

6. Following this issuance, the Company's controlling shareholder remains Shanghai Fengwang, and the actual controller remains Ms. Zhang Jianyun. This issuance will not result in a change of control or cause the Company's equity distribution to fail to meet listing requirements.