Dongguan Aohai Technology Co., Ltd.
Announcement on the First Grant of Stock Options to Incentive Grantees under the 2026 Stock Option Incentive Plan
The Company and all members of its Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and are free from any false representations, misleading statements, or material omissions.
Special Notice:
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The initial grant date for the stock options is July 22, 2026.
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The initial number of stock options granted is 800,000 units.
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The exercise price for the stock options is RMB 50.45 per unit.
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The number of initial grantees for the stock options is 2.
Dongguan Aohai Technology Co., Ltd. (hereinafter referred to as the "Company") held the third meeting of the fourth Board of Directors on July 22, 2026, and approved the "Proposal on the First Grant of Stock Options to Incentive Grantees under the 2026 Stock Option Incentive Plan." In accordance with the relevant provisions of the "Administrative Measures for Equity Incentives of Listed Companies" and the authorization from the second extraordinary general meeting of shareholders in 2026, the Board of Directors believes that the conditions for the first grant stipulated in the "Dongguan Aohai Technology Co., Ltd. 2026 Stock Option Incentive Plan (Draft)" (hereinafter referred to as the "Incentive Plan" or the "Plan") have been met. It is agreed that July 22, 2026, shall be the initial grant date, and 800,000 stock options will be granted for the first time to 2 incentive grantees who meet the grant conditions. The relevant details are hereby announced as follows:
I. Brief Introduction to the Incentive Plan
(I) Incentive Method
The incentive method adopted by this Incentive Plan is stock options.
(II) Source of Shares
The source of shares for the stock options under this Incentive Plan is the ordinary RMB A shares of the Company issued to the incentive grantees on a targeted basis.
(III) Number of Options Granted
The total number of stock options to be granted to incentive grantees under this Incentive Plan is 1,100,000 units, accounting for approximately 0.40% of the Company's total share capital of 27,604.00 million shares as of the disclosure date of the Incentive Plan draft. Among these, the initial grant is 900,000 units, accounting for approximately 0.33% of the Company's total share capital of 27,604.00 million shares as of the disclosure date of the Incentive Plan draft, and 81.82% of the total stock options to be granted under the Incentive Plan. The reserved portion is 200,000 units, accounting for approximately 0.07% of the Company's total share capital of 27,604.00 million shares as of the disclosure date of the Incentive Plan draft, and 18.18% of the total stock options to be granted under the Incentive Plan. Each stock option granted under this Incentive Plan carries the right to purchase one ordinary RMB A share of the Company at the exercise price, provided that the vesting conditions and vesting schedule are met during the exercise period.
As of the disclosure date of the Incentive Plan draft, the total number of shares involved in all equity incentive plans of the Company that are still valid does not exceed 10% of the Company's total share capital. The cumulative number of shares granted to any single incentive grantee through all valid equity incentive plans does not exceed 1% of the Company's total share capital.
(IV) Grantees
The initial grantees of the stock options under this Incentive Plan total 3 individuals. They include directors, senior management personnel, and key backbone personnel employed by the Company (including its holding subsidiaries, hereinafter referred to as "the Company") at the time of the Company's announcement of this Incentive Plan. This excludes independent directors of Aohai Technology, shareholders who individually or collectively hold more than 5% of the Company's shares or the actual controller and their spouses, parents, children, and foreign employees. For incentive grantees, the Company's directors and senior management personnel must be elected by the shareholders' meeting or appointed by the Board of Directors. All incentive grantees must have signed a labor contract or employment contract with the Company or its holding subsidiaries during the assessment period of this Incentive Plan.