Announcement on the Initial Grant of Restricted Shares to Participants of the 2026 Restricted Stock Incentive Plan

Stock Code: 002599 Stock Abbreviation: Shentong Shares Announcement No.: 2026032

Beijing Shentong Printing Co., Ltd.

Announcement on the Initial Grant of Restricted Shares to Participants of the 2026 Restricted Stock Incentive Plan

Important Content Tips:

• Initial grant date of restricted shares: June 22, 2026
• Initial grant quantity of restricted shares: 7.96 million shares
• Initial grant price of restricted shares: 3.46 yuan/share

Beijing Shentong Printing Co., Ltd. (hereinafter referred to as the "Company") has fulfilled the conditions for the initial grant of restricted shares as stipulated in the 2026 Restricted Stock Incentive Plan (hereinafter referred to as the "Incentive Plan"). Pursuant to the authorization of the 2026 Second Extraordinary General Meeting, the Company held the Fifth Meeting of the Sixth Board of Directors on June 22, 2026, and approved the "Proposal on the Initial Grant of Restricted Shares to Participants of the 2026 Restricted Stock Incentive Plan." The Company determined June 22, 2026, as the initial grant date, granting 7.96 million restricted shares to 117 eligible participants at a grant price of 3.46 yuan/share. Details are as follows:

I. Brief Introduction to the Incentive Plan

On June 17, 2026, the Company held the 2026 Second Extraordinary General Meeting and approved the "Company 2026 Restricted Stock Incentive Plan (Draft)" (hereinafter referred to as the "Incentive Plan (Draft)"). The main contents are as follows:

(I) Incentive Instrument: Restricted shares. (II) Source of Underlying Shares: A-share common shares of the Company issued by the Company to the participants. (III) Grant Price: The grant price for the restricted shares under this Incentive Plan (including initial and reserved grants) is 3.47 yuan/share.

(IV) Grant Quantity: The total number of restricted shares to be granted under this Incentive Plan shall not exceed 8.5 million shares, representing approximately 1.60% of the Company's total share capital of 532.679787 million shares at the time of the announcement of the Incentive Plan draft. Of this, the initial grant of restricted shares shall not exceed 8 million shares, representing approximately 1.50% of the total share capital and 94.12% of the total shares to be granted. The reserved portion is 0.5 million shares, representing approximately 0.09% of the total share capital and 5.88% of the total shares to be granted.

(V) Participants and Allocation: The participants for the initial grant under this Incentive Plan are middle management and core business personnel who work at the Company (including wholly-owned subsidiaries, holding subsidiaries, and holding sub-subsidiaries) and have a direct impact on the operating performance and future development of the Company's education sector. This excludes independent directors, shareholders or actual controllers who individually or collectively hold 5% or more of the shares, and their spouses, parents, and children.

The allocation of the restricted shares to be granted under this Incentive Plan is as follows: