Announcement on the Cancellation of Part of Stock Options

Shenzhen INVT Electric Co., Ltd. Announcement (2026) Announcement No.: 2026-021 Stock Abbreviation: INVT Shenzhen INVT Electric Co., Ltd. Announcement on the Cancellation of Part of Stock Options The Company and all members of the Board of Directors guarantee the content of the information disclosure is true, accurate, and complete, and there are no false records, misleading statements, or major omissions. Shenzhen INVT Electric Co., Ltd. (hereinafter referred to as the "Company" or "INVT") held the 17th meeting of the 7th Board of Directors on April 16, 2026, and deliberated and approved the "Proposal on Cancelling Part of Stock Options". Due to the failure to achieve the performance assessment targets for the first exercise period of the 2025 restricted stock and stock option incentive plan and some incentive recipients no longer meeting the eligibility criteria due to resignation, in accordance with the "Administrative Measures for Equity Incentives of Listed Companies" (hereinafter referred to as the "Measures"), the "2025 Restricted Stock and Stock Option Incentive Plan (Draft)" (hereinafter referred to as the "Incentive Plan (Draft)" or "this Incentive Plan") and the "2025 Restricted Stock and Stock Option Incentive Plan Implementation Assessment and Management Measures" (hereinafter referred to as the "Assessment Measures"), the Board of Directors agreed to cancel 2,775,600 stock options that cannot be exercised due to the aforementioned reasons. The relevant matters are hereby explained as follows: I. Relevant Approval Procedures for this Incentive Plan (1) On September 11, 2025, the Company held the 11th meeting of the 7th Board of Directors, which deliberated and approved the "Proposal on the '2025 Restricted Stock and Stock Option Incentive Plan (Draft)' and its Summary", the "Proposal on the '2025 Restricted Stock and Stock Option Incentive Plan Implementation Assessment and Management Measures'", and the "Proposal on Authorizing the Board of Directors to Handle Matters Related to the Company's 2025 Restricted Stock and Stock Option Incentive Plan". The Nomination and Remuneration Committee of the Board of Directors provided its opinions. (2) From September 15, 2025, to September 25, 2025, the Company publicly announced the list of incentive recipients on the Company's OA system. During the announcement period, the Nomination and Remuneration Committee of the Board of Directors did not receive any objections to the proposed incentive recipients of this incentive plan. On September 26, 2025, the Company disclosed the "Explanation and Audit Opinion on the Public Announcement of the List of Initial Incentive Recipients for the Company's 2025 Restricted Stock and Stock Option Incentive Plan by the Nomination and Remuneration Committee". (3) On September 30, 2025, the Company held the first extraordinary general meeting of shareholders in 2025, which deliberated and approved the "Proposal on the '2025 Restricted Stock and Stock Option Incentive Plan (Draft)' and its Summary", the "Proposal on the '2025 Restricted Stock and Stock Option Incentive Plan