Announcement on Adjusting the Repurchase Price of the 2026 Restricted Stock Incentive Plan

Shenzhen Outo Electronics Co., Ltd.

Announcement on Adjusting the Repurchase Price of the 2026 Restricted Stock 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.

Shenzhen Outo Electronics Co., Ltd. (hereinafter referred to as the "Company") held the Ninth Meeting of the Sixth Board of Directors on August 7, 2026, and deliberated and approved the "Proposal on Adjusting the Repurchase Price of the 2026 Restricted Stock Incentive Plan." The relevant matters are hereby explained as follows:

I. Decision-making Procedures and Information Disclosure Status of this Incentive Plan

1. On March 6, 2026, the Company held the Fifth Meeting of the Sixth Board of Directors, which deliberated and approved the "Proposal on the <2026 Restricted Stock Incentive Plan (Draft)> and its Summary," the "Proposal on the Management Measures for the Implementation of the 2026 Restricted Stock Incentive Plan," and the "Proposal on Authorizing the Board of Directors to Handle Matters Related to the 2026 Restricted Stock Incentive Plan by the Shareholders' Meeting." The Remuneration and Assessment Committee of the Board of Directors verified the relevant matters of this incentive plan and issued a verification opinion.

2. From March 10 to March 19, 2026, the Company publicly disclosed the names and positions of the intended grantees of this incentive plan internally. By the end of the公示 period, the Remuneration and Assessment Committee of the Board of Directors had not received any objections regarding the intended grantees of this incentive plan. On March 21, 2026, the Company disclosed the "Explanation and Verification Opinion on the Public Notice of the List of Intended Grantees for the 2026 Restricted Stock Incentive Plan by the Board of Directors' Remuneration and Assessment Committee" (Announcement No.: 2026-009) on the Juchao Information Network (www.cninfo.com.cn).

3. On March 26, 2026, the Company held the First Extraordinary Shareholders' Meeting of 2026, which deliberated and approved the "Proposal on the <2026 Restricted Stock Incentive Plan (Draft)> and its Summary," the "Proposal on the Management Measures for the Implementation of the 2026 Restricted Stock Incentive Plan," and the "Proposal on Authorizing the Board of Directors to Handle Matters Related to the 2026 Restricted Stock Incentive Plan by the Shareholders' Meeting," among other proposals.

4. On March 27, 2026, the Company disclosed the "Self-Inspection Report on the Trading of Company Shares by Insiders and Grantees of the 2026 Restricted Stock Incentive Plan" (Announcement No.: 2026-012) on the Juchao Information Network (www.cninfo.com.cn).