002599SZSE

Announcement on Adjusting Matters Related to the 2026 Restricted Stock Incentive Plan

Shengtong Co., Ltd.··4 pages

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Beijing Sheng Tong Printing Co., Ltd. announces adjustments to its 2026 Restricted Stock Incentive Plan. The exercise price is reduced from 3.47 to 3.46 yuan/share due to a cash dividend. The total number of incentive shares and recipients are also adjusted slightly. These changes comply with regulations and do not materially impact the company's financial status.

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Securities Code: 002599 Securities Abbreviation: Sheng Tong Shares Announcement No.: 2026031

Beijing Sheng Tong Printing Co., Ltd. Announcement on Adjusting Matters Related to 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.

Beijing Sheng Tong Printing Co., Ltd. (hereinafter referred to as the "Company" or "Sheng Tong Shares") held its fifth meeting of the sixth Board of Directors in 2026 on June 22, 2026, and reviewed and approved the "Proposal on Adjusting Matters Related to the 2026 Restricted Stock Incentive Plan." In accordance with the "Administrative Measures for Equity Incentives of Listed Companies" (hereinafter referred to as the "Measures") and the Company's "2026 Restricted Stock Incentive Plan (Draft)" (hereinafter referred to as the "Incentive Plan (Draft)"), and based on the authorization of the Company's second extraordinary general meeting of shareholders in 2026, the Company's Board of Directors has made adjustments to the matters related to the 2026 Restricted Stock Incentive Plan (hereinafter referred to as the "Current Incentive Plan"). The relevant matters are hereby explained as follows:

I. Relevant Approval Procedures for the Current Incentive Plan

(1) On May 29, 2026, the Company held the fourth meeting of the sixth Board of Directors in 2026, which reviewed and approved the "Proposal on the <2026 Restricted Stock Incentive Plan (Draft) and its Summary of the Company>", the "Proposal on the Implementation and Assessment Management Measures for 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 of the Company", among other related proposals. Before submission to the Board of Directors for deliberation, the relevant proposals had been reviewed and approved by the Board's Remuneration and Assessment Committee, which issued its review opinion on the matters of the Current Incentive Plan, and the law firm issued a legal opinion on the relevant matters.

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