Hainan Strait Shipping Co., Ltd. Resolution of the Eighth Board of Directors' Remuneration and Assessment Committee 2026 Third Meeting
The Eighth Board of Directors' Remuneration and Assessment Committee of Hainan Strait Shipping Co., Ltd. (hereinafter referred to as the "Company" or "Strait Shipping") convened its third meeting for 2026 on April 23, 2026, through a combination of on-site and teleconference methods. The meeting was presided over by Chairman Hu Zhenliang. Five committee members were eligible to attend, and all five were present, voting through a combination of on-site and teleconference methods. The meeting's convening complied with the Company's Articles of Association and the Rules of Procedure for the Board of Directors' Specialized Committees. The committee members reviewed and approved the following five resolutions:
I. Resolution on the achievement of exercise conditions for the first tranche of reserved stock options under the 2022 Stock Option Incentive Plan.
In accordance with the provisions of the "2022 Stock Option Incentive Plan (Revised Draft)" (hereinafter referred to as the "Incentive Plan" or the "Plan"), the conditions for the first exercise period of the reserved stock options granted by the Company have been met. The eligibility of the incentive recipients for exercise in this tranche is legal and valid, satisfying the exercise conditions for the first exercise period of the reserved stock options under the Incentive Plan. It is agreed that 37 eligible incentive recipients will exercise their options through self-exercise within the stipulated exercise period. The number of exercisable stock options is 1,794,374, with an exercise price of RMB 6.394 per share. It is proposed that this resolution be submitted to the Board of Directors for review.