Announcement on the First Tranche of the 2022 Stock Option Incentive Plan's Fourth Exercise Period Adopting the Independent Exercise Mode

Securities Code: 002851 Securities Abbreviation: Megmeet Announcement Number: 2026-064

Shenzhen Megmeet Electric Co., Ltd.

Announcement on the First Tranche of the 2022 Stock Option Incentive Plan's Fourth Exercise Period Adopting the Independent Exercise Mode

The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and there are no false records, misleading statements, or material omissions.

Special Reminder:

1. The stock options of the first tranche of the 2022 stock option incentive plan of Shenzhen Megmeet Electric Co., Ltd. (hereinafter referred to as the "Company") are abbreviated as: Megmeet JLC1, option code: 037249.
2. For the fourth exercise period of the first tranche of the 2022 stock option incentive plan, there are 529 eligible recipients who can exercise options. The number of exercisable options is 4,153,250, and the exercise price is RMB 17.39 per share.
3. This exercise adopts the independent exercise mode.
4. The first tranche of the 2022 stock option incentive plan is divided into four exercise periods. Based on the actual processing of business, the actual exercise period for the fourth exercise period of the first tranche is from June 22, 2026, to June 8, 2027.
5. 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 Exercise Period of the First Tranche and the Third Exercise Period of the Reserved Tranche of the 2022 Stock Option Incentive Plan." It was agreed that 529 eligible recipients of the fourth exercise period of the first tranche of the 2022 stock option incentive plan would exercise their options through independent exercise. The number of exercisable options is 4,153,250, and the exercise price is RMB 17.39 per share. For details, please refer to the "Announcement on the Fulfillment of Exercise Conditions for the Fourth Exercise Period of the First Tranche and the Third Exercise Period of the Reserved Tranche of the 2022 Stock Option Incentive Plan" disclosed by the Company on the CNINFO website on June 10, 2026 (Announcement Number: 2026-054).

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 application with China Securities Depository and Clearing Corporation Limited Shenzhen Branch.

The work. The relevant matters are hereby announced as follows:

I. Specific Arrangements for Independent Exercise

(I) Option Abbreviation and Option Code The abbreviation for the first tranche of stock options is: Megmeet JLC1, option code: 037249.

(II) Number of Exercisable Options and Exercise Price For the fourth exercise period of the first tranche of the 2022 stock option incentive plan, there are 529 eligible recipients who meet the exercise conditions. The total number of stock options that can be independently exercised is 4,153,250, with an exercise price of RMB 17.39 per share. If any events such as dividend distribution, capital reserve to increase share capital, bonus share distribution, share split or consolidation, or additional share issuance occur before the eligible recipients exercise their options, the number of stock options and the total number of underlying shares involved, and the exercise price will be adjusted accordingly.

List of First Tranche Incentive Plan Recipients and Exercise Status: