Shenzhen Tashan Consulting Co., Ltd.
Regarding the Repurchase and Cancellation of Restricted Shares of Shandong Longi Machinery Co., Ltd. under the 2022 Restricted Stock Incentive Plan
Independent Financial Advisor's Report
TASHAN CONSULTING Tashan Consulting
April 2026
TABLE OF CONTENTS
Glossary 2 Statement 3 I. Necessary Procedures Completed for the Incentive Plan 4 II. Repurchase and Cancellation of Restricted Shares 6 III. Independent Financial Advisor's Opinion 7 IV. Documents for Reference and Place of Reference 8 (I) Documents for Reference 8 (II) Place of Reference 8
Glossary
In this report, unless the context otherwise requires, the following terms have the meanings set forth below:
| Term | Definition |
|---|---|
| Longi Machinery, Listed Company, Company, This Company | Shandong Longi Machinery Co., Ltd. (Stock Abbreviation: Longi Machinery; Stock Code: 002363) |
| Equity Incentive Plan, Restricted Stock Incentive Plan, This Incentive Plan | Shandong Longi Machinery Co., Ltd. 2022 Restricted Stock Incentive Plan |
| "Equity Incentive Plan (Draft)", Draft Incentive Plan | "Shandong Longi Machinery Co., Ltd. 2022 Restricted Stock Incentive Plan (Draft)" |
| Independent Financial Advisor's Report, This Report | "Shenzhen Tashan Consulting Co., Ltd. Report on the Repurchase and Cancellation of Part of the Restricted Shares of Shandong Longi Machinery Co., Ltd. under the 2022 Restricted Stock Incentive Plan" |
| Restricted Shares, Underlying Shares | Company shares granted to incentive recipients |
| Incentive Recipients | Directors, senior management, and key personnel of the Company (including its holding subsidiaries) |
| Grant Date | The date on which the Company grants restricted shares to incentive recipients; the Grant Date must be a trading day |
| Grant Price | The price per restricted share granted by the Company to incentive recipients |
| Lock-up Period | The period during which restricted shares granted to incentive recipients are prohibited from being transferred, used as collateral, or repaid as debt, according to this Incentive Plan |
| Vesting Period | The period during which restricted shares held by incentive recipients can be vested and listed for circulation after the vesting conditions stipulated in this Incentive Plan are met |
| Vesting Conditions | Conditions that must be met for incentive recipients to vest the restricted shares they have been granted according to this Incentive Plan |
| "Company Law" | "The Company Law of the People's Republic of China" |
| "Securities Law" | "The Securities Law of the People's Republic of China" |
| "Management Measures" | "Measures for the Administration of Equity Incentives for Listed Companies" |
| "Articles of Association" | "Articles of Association of Shandong Longi Machinery Co., Ltd." |
| CSRC | China Securities Regulatory Commission |
| SZSE | Shenzhen Stock Exchange |
| This Independent Financial Advisor, Tashan Consulting | Shenzhen Tashan Consulting Co., Ltd. |
| RMB, Ten Thousand RMB | RMB, Ten Thousand RMB |