[Image: Weiguang logo]
Stock Code: 002801 Stock Abbreviation: Weiguang Shares
Hangzhou Weiguang Electronic Co., Ltd.
2026 Restricted Stock Incentive Plan (Draft)
July 2026
Statement
The Company and all directors guarantee that this plan and its summary contain no false records, misleading statements, or major omissions, and bear individual and joint legal responsibility for their truthfulness, accuracy, and completeness.
All incentive recipients of the Company promise that if the Company's information disclosure documents related to the restricted stock incentive plan contain false records, misleading statements, or major omissions, resulting in their failure to meet the requirements for granting rights or lifting restrictions, the incentive recipients shall return all benefits obtained from the restricted stock incentive plan to the Company after the relevant information disclosure documents are confirmed to contain false records, misleading statements, or major omissions.
Special Notice
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The "Hangzhou Weiguang Electronic Co., Ltd. 2026 Restricted Stock Incentive Plan (Draft)" (hereinafter referred to as "this Incentive Plan" or "this Plan") is formulated by Hangzhou Weiguang Electronic Co., Ltd. (hereinafter referred to as the "Company") in accordance with the "Company Law of the People's Republic of China", the "Securities Law of the People's Republic of China", the "Administrative Measures for Equity Incentives of Listed Companies", the "Stock Listing Rules of the Shenzhen Stock Exchange", the "Guidelines No. 1 for Self-Regulation of Listed Companies on the Shenzhen Stock Exchange - Business Handling", and other relevant laws, regulations, and normative documents, as well as the "Articles of Association of Hangzhou Weiguang Electronic Co., Ltd.".
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The incentive tool adopted in this Incentive Plan is restricted stock, and the source of the stock is the Company's A-share common stock repurchased from the secondary market.
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The total number of restricted shares to be granted under this Incentive Plan is 2,041,950 shares, accounting for 0.89% of the Company's total share capital (229,632,000 shares) at the time of the announcement of this Incentive Plan. This grant is a one-time grant, and no reserved shares are set.
The total number of underlying shares involved in all equity incentive plans of the Company within the entire validity period does not exceed 10% of the Company's total share capital at the time of the announcement of this Incentive Plan draft. The total number of Company shares granted to any single incentive recipient through all equity incentive plans within the validity period does not exceed 1% of the Company's total share capital at the time of the announcement of this Incentive Plan draft.
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The grant price of the restricted stock is 14.18 yuan/share.
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If the Company has capital reserve capitalization, stock dividends, stock splits, rights issues, share consolidations, or dividend distributions from the date of the announcement of this Incentive Plan draft to the completion of the share registration of the restricted shares granted to the incentive recipients, the price or number of restricted shares shall be adjusted accordingly.
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This Incentive Plan intends to grant to a total of 75 incentive recipients, including directors, senior management, middle management, and core technical (business) personnel of the Company and its holding subsidiaries, excluding independent directors of the Company, shareholders or actual controllers who hold 5% or more of the shares individually or in aggregate, and their spouses, parents, and children.