Securities Code: 002366 Securities Abbreviation: Rongfa Nuclear Power Announcement No.: 2026-009 Rongfa Nuclear Power Equipment Co., Ltd. Announcement on the Remuneration Plan for Directors and Senior Management The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and that there are no false records, misleading statements, or material omissions. Rongfa Nuclear Power Equipment Co., Ltd. (hereinafter referred to as the "Company") held the third meeting of the seventh Board of Directors on April 23, 2026, and deliberated and passed the "Proposal on Confirming the 2025 Remuneration Allocation for the Company's Directors and the 2026 Remuneration Allocation Plan for Directors" and the "Proposal on the Remuneration Plan for the Company's Senior Management." Directors involved in the deliberation of relevant proposals have abstained from voting. The remuneration/allowance plan for directors (including independent directors) will be submitted to the Company's 2025 Annual Shareholders' Meeting for deliberation. The relevant situation is hereby announced as follows: I. Applicable Scope Company directors (including independent directors) and senior management. II. Applicable Period Effective from the date of deliberation and approval by the Company's Shareholders' Meeting until the date when a new remuneration/allowance plan is approved. III. Remuneration Standards
- Remuneration Plan for Non-Independent Directors For non-independent directors who concurrently hold other positions or perform other specific work within the Company, their remuneration shall be determined based on their specific position responsibilities within the Company and their contributions to the Company's development. Non-independent directors who do not hold positions within the Company shall not receive director remuneration from the Company.
- Allowance Plan for Independent Directors Independent directors of the Company shall receive remuneration in the form of a fixed allowance. The allowance standard is RMB 120,000 yuan/year (tax inclusive), paid monthly on average. Apart from this, they shall not enjoy other remuneration, benefits, or social security benefits from the Company.
- Remuneration Plan for Senior Management Senior management of the Company shall receive remuneration in accordance with the "Labor Contract" signed with the Company, their specific positions, and the Company's remuneration management system. Annual remuneration shall be composed of basic salary, performance-based bonus, and mid-to-long-term incentive income, etc. The proportion of performance-based bonus shall, in principle, not be less than fifty percent of the total of basic salary and performance-based bonus. The performance-based bonus shall be linked to the Company's operating performance and individual performance, and shall be determined based on the audited annual financial data and the results of the corresponding annual performance assessment. (1) Basic Salary: Basic annual salary is the basic remuneration for the position held. The basic annual salary levels for senior management positions shall be determined based on the scope, nature, and responsibilities of each management position, and shall be paid monthly on average. (2) Performance-Based Bonus: The Board's Remuneration and Assessment Committee shall conduct assessment and evaluation based on the achievement of the Company's business objectives and individual objectives. (3) Mid-to-Long-Term Incentive Income: The Company may implement mid-to-long-term incentives for core employees, including senior management, through methods such as restricted stocks, stock options, and employee stock ownership plans, in accordance with relevant laws and regulations and the "Company Articles of Association." IV. Other Explanations
- Individual income tax related to the aforementioned remuneration shall be withheld and paid by the Company.
- For directors and senior management who leave their positions due to changes in board composition, re-election, resignation during their term, etc., their remuneration shall be calculated and paid based on their actual tenure.
- The Company may adjust the remuneration plan based on industry conditions and actual operating conditions. V. Documents for Inspection
- Resolution of the Seventh Board of Directors' Third Meeting of Rongfa Nuclear Power Equipment Co., Ltd. Hereby announced. Board of Directors of Rongfa Nuclear Power Equipment Co., Ltd. 2026 April 25