Securities Code: 002851 Securities Abbreviation: Megmeet Announcement No.: 2026-065
Shenzhen Megmeet Electrical Co., Ltd.
Announcement Regarding the Independent Exercise Mode for the Third Tranche of the 2022 Stock Option Incentive Plan Reserved Options
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosure, and are free from false records, misleading statements, or material omissions.
Special Reminder:
- Shenzhen Megmeet Electrical Co., Ltd. (hereinafter referred to as the "Company") 2022 Stock Option Incentive Plan reserved options grant stock options abbreviation: Maimi JLC2, option code: 037359.
- For the third tranche of the 2022 Stock Option Incentive Plan reserved options, there are 71 eligible grantees, with 682,000 options exercisable at an exercise price of ¥17.39 per share.
- This exercise adopts the independent exercise mode.
- The Company's 2022 Stock Option Incentive Plan reserved options are divided into three tranches. Based on the actual business processing, the actual exercise period for the third tranche of the reserved options is from June 22, 2026, to May 17, 2027.
- If all exercisable stock options are exercised, the Company's shares will still meet the listing conditions.
On June 9, 2026, the Company held the Fifth Meeting of the Sixth Board of Directors, which reviewed and approved the "Proposal on the Fulfillment of Exercise Conditions for the Fourth Tranche of the Initial Grant and the Third Tranche of the Reserved Grant of the 2022 Stock Option Incentive Plan." It was agreed that 71 eligible grantees of the third tranche of the reserved grant of the 2022 Stock Option Incentive Plan would exercise their options through independent exercise, with 682,000 options exercisable at an exercise price of ¥17.39 per share. For details, please refer to the "Announcement on the Fulfillment of Exercise Conditions for the Fourth Tranche of the Initial Grant and the Third Tranche of the Reserved Grant of the 2022 Stock Option Incentive Plan" (Announcement No.: 2026-054) disclosed on the Cninfo website on June 10, 2026.
As of the disclosure date of this announcement, this independent exercise matter has been reviewed and approved by the Shenzhen Stock Exchange, and the Company has completed the independent exercise-related registration and reporting procedures with China Securities Depository and Clearing Corporation Limited Shenzhen Branch. The relevant matters are hereby announced as follows:
I. Specific Arrangements for Independent Exercise (I) Option Abbreviation and Option Code Reserved options grant stock options abbreviation: Maimi JLC2, option code: 037359.
(II) Exercise Quantity and Exercise Price For the third tranche of the 2022 Stock Option Incentive Plan reserved options, 71 eligible grantees meet the exercise conditions. The total number of exercisable stock options is 682,000, with an exercise price of ¥17.39 per share. If any events such as dividend distribution, capital reserve to bonus share conversion, stock dividend distribution, share split or reverse split, or additional share issuance occur before the grantees exercise their options, the number of stock options and the total number of underlying shares involved, as well as the exercise price, will be adjusted accordingly.
List of Grantees and Exercise Status for Reserved Options:
| Name | Position | Granted Stock Options (10,000 shares) | Exercisable Stock Options (10,000 shares) | Exercisable Options as % of Granted Options | Exercisable Options as % of Total Share Capital |
|---|---|---|---|---|---|
| Core Management and Core Technical (Business) Personnel (71 people) | 170.5000 | 68.2000 | 40.00% | 0.12% | |
| Total (71 people) | 170.5000 | 68.2000 | 40.00% | 0.12% |
Note: If the sum of the sub-items does not match the total, it is due to rounding. The grantees of this equity incentive plan do not include directors and senior management.