Securities Code: 002766 Securities Abbreviation: Soling Stock Shenzhen Soling Industrial Co., Ltd. Announcement No.: 2026-028 Announcement on the Listing and Circulation of Shares for the First Tranche of Restricted Stock Unlocking under the 2023 Restricted Stock and Stock Option Incentive Plan The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or major omissions. Key Information Prompt: • The number of eligible grantees for unlocking restricted shares in this batch is 5, and the number of restricted shares that can be unlocked is 435,000 shares, accounting for 0.0503% of the company's total share capital. • The listing and circulation date of the unlocked shares is: April 7, 2026. Shenzhen Soling Industrial Co., Ltd. (hereinafter referred to as the "Company") held the second meeting of the sixth Board of Directors on March 20, 2026, which reviewed and approved the "Proposal on the Conditions for the First Tranche of Unlocking and the First Exercise Period of the 2023 Restricted Stock and Stock Option Incentive Plan". The Board of Directors believes that the conditions for the first tranche of unlocking of restricted shares under the "2023 Restricted Stock and Stock Option Incentive Plan" (hereinafter referred to as the "Incentive Plan" or "this Incentive Plan") have been met. It is agreed to handle the procedures for 5 eligible grantees who meet the unlocking conditions, and the number of shares that can be unlocked is 435,000 shares. The relevant matters are hereby explained as follows: I. Relevant Approval Procedures for the Equity Incentive Plan
- On October 20, 2023, the Company held the sixth meeting of the fifth Board of Directors, which reviewed and approved the "Proposal on the <Company's 2023 Restricted Stock and Stock Option Incentive Plan (Draft)> and its Summary", the "Proposal on the <Company's 2023 Restricted Stock and Stock Option Incentive Plan Performance Assessment and Management Measures>", and the "Proposal on Authorizing the Board of Directors to Handle Matters Related to the Restricted Stock and Stock Option Incentive Plan by the Shareholders' Meeting". The independent directors of the Company issued independent opinions. On the same day, the Company held the sixth meeting of the fifth Supervisory Board, which reviewed and approved the "Proposal on the <Company's 2023 Restricted Stock and Stock Option Incentive Plan (Draft)> and its Summary", the "Proposal on the <Company's 2023 Restricted Stock and Stock Option Incentive Plan Performance Assessment and Management Measures>", and the "Proposal on Verifying the List of Grantees for the First Grant of the 2023 Restricted Stock and Stock Option Incentive Plan".
- On October 21, 2023, the Company disclosed the "Announcement on Independent Directors Soliciting Voting Rights" on the CNI Network. Mr. Li Ming, an independent director, acted as the solicitor to solicit voting rights from all shareholders of the Company for the proposals related to the Company's 2023 Restricted Stock and Stock Option Incentive Plan deliberated at the third extraordinary shareholders' meeting of the Company in 2023.
- From October 23, 2023, to November 1, 2023, the Company publicly disclosed the names and positions of the proposed grantees internally. During the公示 period, the Company's Supervisory Board did not receive any objections from employees regarding the proposed grantees. On November 2, 2023, the Company disclosed the "Explanation and Verification Opinion of the Supervisory Board on the Public Announcement of the List of Grantees for the First Grant of the 2023 Restricted Stock and Stock Option Incentive Plan".
- On November 7, 2023, the Company held the third extraordinary shareholders' meeting of 2023, which reviewed and approved the "Proposal on the <Company's 2023 Restricted Stock and Stock Option Incentive Plan (Draft)> and its Summary", the "Proposal on the <Company's 2023 Restricted Stock and Stock Option Incentive Plan Performance Assessment and Management Measures>", and the "Proposal on Authorizing the Shareholders' Meeting to Authorize the Board of Directors to Handle Matters Related to the Restricted Stock and Stock Option Incentive Plan". The Company's implementation of this incentive plan was approved by the shareholders' meeting. On the same day, the Company disclosed the "Self-Inspection Report on the Trading of Co