Weixing New Material WEIXING NBM Stock Code: 002372 Stock Abbreviation: Weixing New Material Announcement Number: 2026-014 Zhejiang Weixing New Material Co., Ltd. 2026 Annual Salary Plan for Directors and Senior Management Zhejiang Weixing New Material Co., Ltd. (hereinafter referred to as the "Company") and all members of the Board of Directors guarantee that the information disclosure is true, accurate, and complete, without any false records, misleading statements, or major omissions. In accordance with the "Articles of Association," the "Company's Salary Management System for Directors and Senior Management," and other regulations, combined with the Company's actual operating development situation, and referencing the salary levels in the industry and surrounding areas, this plan is hereby formulated. The details are as follows: I. Applicable Objects Company directors and senior management. II. Applicable Period This plan is applicable for the 2026 fiscal year. If there are significant changes during the implementation period, the plan may be adjusted according to the Company's needs and strictly following the prescribed deliberation procedures. III. Salary Plan
- Company Director Salary Plan (1) Non-independent Directors Non-independent directors of the Company shall not receive director's allowances. Non-independent directors who receive remuneration from the Company shall receive remuneration based on their specific positions and duties held within the Company, their performance capabilities in actual work, and their contribution to the Company. (2) Independent Directors Independent director allowance for the Company: RMB 80,000 per person per year (tax inclusive).
- Senior Management Salary Plan Senior management of the Company shall have their remuneration comprehensively assessed based on their specific management positions held within the Company, actual work performance, and the Company's operating performance.
- Specific Salary Calculation Standards The remuneration for non-independent directors and senior management who receive salaries from the Company shall consist of basic salary and performance-based salary, with the performance-based salary accounting for no less than 50% of the total basic and performance-based salary. IV. Other Provisions
- The basic salary for non-independent directors and senior management who receive remuneration from the Company shall be paid monthly. Performance-based bonuses shall be determined by the Board's Salary and Remuneration Committee through comprehensive evaluation and authorized to the Chairman for execution. If an individual holds multiple positions, remuneration shall be paid based on the primary position's performance and related contributions.
- Given that the annual report is reviewed by the end of April of the following year, the performance-based remuneration for the aforementioned personnel will be disbursed in installments. The first disbursement will be within 2 months after the end of the fiscal year. A portion of the performance-based remuneration will be paid in advance based on preliminary accounting results, and the remaining portion will be paid after the Company's annual report is disclosed and the performance evaluation is completed. The performance evaluation shall be conducted based on audited financial data. If the final audited data requires the return of advance performance bonuses, the relevant personnel shall return them to the Company as required.
- Independent director allowances shall be paid quarterly or annually.
- If Company directors or senior management leave their positions due to re-election, restructuring, resignation during their term, etc., their remuneration shall be calculated and paid based on their actual tenure.
- All remuneration mentioned above is tax-inclusive income, and individual income tax shall be withheld and paid by the Company.
- In case of relevant payment suspension or recovery, the Company shall follow the remuneration system and shall not infringe upon the Company's legitimate rights and interests.
- Matters not covered in this plan shall be handled in accordance with national laws, administrative regulations, departmental rules, normative documents, and the "Articles of Association." If this plan conflicts with national laws, administrative regulations, departmental rules, normative documents, and the "Articles of Association" as amended through legal procedures promulgated in the future, it shall be handled in accordance with the relevant laws, administrative regulations, departmental rules, normative documents, and the "Articles of Association."
- This plan has been reviewed and approved by the Second Meeting of the Seventh Board of Directors and is subject to approval by the Company's 2025 Annual Shareholders' Meeting for deliberation. Hereby announced. Zhejiang Weixing New Material Co., Ltd. Board of Directors April 3, 2026