002322SZSE

Announcement on the Completion of Cancellation of Part of Stock Options and the Conclusion of the 2024 Stock Option Incentive Plan

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Ningbo理工环境能源科技股份有限公司 announces the completion of the cancellation of 8.0062 million stock options, affecting 87 individuals. This cancellation is due to the unmet conditions for the second exercise period of the 2024 stock option incentive plan. Following this, the 2024 stock option incentive plan is considered concluded.

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Stock Code: 002322 Stock Abbreviation: 理工能科 Announcement No.: 2026-026

Ningbo理工环境能源科技股份有限公司

Announcement on the Completion of Cancellation of Part of Stock Options and the Conclusion of the 2024 Stock Option Incentive Plan

The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.

Ningbo理工环境能源科技股份有限公司 (hereinafter referred to as the "Company") held the first meeting of the Seventh Board of Directors' Compensation and Assessment Committee, the second meeting of the Seventh Board of Directors' Audit Committee, and the second meeting of the Seventh Board of Directors on March 27, 2026. The meetings deliberated and approved the "Proposal on the Unmet Conditions for the Second Exercise Period of the 2024 Stock Option Incentive Plan and the Cancellation of Part of the Stock Options." In accordance with the relevant provisions of the "Ningbo理工环境能源科技股份有限公司 2024 Stock Option Incentive Plan (Draft)" and the "Ningbo理工环境能源科技股份有限公司 2024 Stock Option Incentive Plan Performance Management Measures," due to the unmet conditions for the second exercise period of the stock options granted under the Company's 2024 stock option incentive plan, the Board of Directors proposed to cancel part of the stock options. For details, please refer to the "Announcement on the Unmet Conditions for the Second Exercise Period of the 2024 Stock Option Incentive Plan and the Cancellation of Part of the Stock Options" (Announcement No.: 2026-021) disclosed by the Company on the cninfo.com.cn website on March 31, 2026, and the "Legal Opinion of Grandall Lawyers (Hangzhou) Law Firm on the Unmet Conditions for the Second Exercise Period of the 2024 Stock Option Incentive Plan and the Cancellation of Part of the Stock Options of Ningbo理工环境能源科技股份有限公司."

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