JINZI FOOD GROUP CO., LTD. 2026 Employee Stock Ownership Plan (Draft)

Statement

The Company and all members of the Board of Directors guarantee that this employee stock ownership plan and its summary do not contain any false records, misleading statements, or major omissions, and they shall bear individual and joint legal responsibility for their truthfulness, accuracy, and completeness.

Risk Warning

1. This employee stock ownership plan can only be implemented after being approved by the Company's shareholders' meeting. Whether it can be subsequently approved by the Company's shareholders' meeting is uncertain. Investors are advised to make cautious decisions and pay attention to investment risks.

2. The specific sources of funds, contribution ratios, stock scale, and implementation plan for this employee stock ownership plan are preliminary proposals, and whether they can be implemented is uncertain.

3. If employees' subscription funds are insufficient, this employee stock ownership plan may not be established; if employees' subscription funds are insufficient, this employee stock ownership plan may fall short of the expected scale.

4. The Company will disclose relevant progress in accordance with regulations. Investors are advised to make cautious decisions and pay attention to investment risks.

Special Notice

1. "Jinzi Food Group Co., Ltd. 2026 Employee Stock Ownership Plan (Draft)" (hereinafter referred to as the "Employee Stock Ownership Plan") is formulated by Jinzi Food Group Co., Ltd. (hereinafter referred to as the "Company" or "Jinzi Food") in accordance with the "Company Law of the People's Republic of China" (hereinafter referred to as the "Company Law"), the "Securities Law of the People's Republic of China" (hereinafter referred to as the "Securities Law"), the "Guiding Opinions on Pilot Implementation of Employee Stock Ownership Plans by Listed Companies" (hereinafter referred to as the "Guiding Opinions"), the "Shenzhen Stock Exchange Listed Company Self-Regulatory Guidelines No. 1 - Normative Operation of Main Board Listed Companies," and other relevant laws, administrative regulations, rules, and normative documents, as well as the "Articles of Association."

2. This Employee Stock Ownership Plan adheres to the principles of the Company's independent decision-making and voluntary participation by employees. There is no allocation or mandatory distribution that forces employees to participate in this stock ownership plan. Eligible employees shall participate in this stock ownership plan in accordance with the principles of legality, compliance, voluntary participation, and self-assumption of risk.

3. The participants in this Employee Stock Ownership Plan are the Company's directors (excluding independent directors, hereinafter referred to as "holders") who have a significant role and influence on the Company's overall performance and long-term development, senior management personnel, and other core employees. The total number of participants in this stock ownership plan shall not exceed 98 (excluding reserved shares), of which 6 are directors and senior management personnel. The specific number of participants will be determined based on the actual amount contributed by employees. The Management Committee may adjust the list of participants and the allocation ratio of this employee stock ownership plan based on changes in employees and performance. Shareholders holding more than 5% of the shares, the actual controller and their parents, spouses, and children are not participating in this employee stock ownership plan.

4. The sources of funds for this Employee Stock Ownership Plan are employees' legal remuneration, self-raised funds, and other methods permitted by laws and regulations. The Company shall not provide any form of financing, guarantee, or loan to the participants.