Stock Code: 003007 Stock Abbreviation: ZZNode Technologies
[Chart: ZZNode Technologies logo]
Beijing ZZNode Technologies Co., Ltd.
2026 Stock Option Incentive Plan (Draft)
August 2026
Statement
The Company and all directors guarantee that this incentive plan and its summary contain no false records, misleading statements, or major omissions, and assume individual and joint legal liability for their authenticity, accuracy, and completeness.
All incentive targets of the Company undertake that if the Company is found to have false records, misleading statements, or major omissions in information disclosure documents, resulting in non-compliance with the granting or exercise of equity, the incentive targets shall return all benefits obtained from this incentive plan to the Company after such false records, misleading statements, or major omissions are confirmed.
Special Notice
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The "Beijing ZZNode Technologies Co., Ltd. 2026 Stock Option Incentive Plan (Draft)" (hereinafter referred to as the "Incentive Plan") is formulated by Beijing ZZNode Technologies Co., Ltd. (hereinafter referred to as "ZZNode Technologies," "the Company," or "Company") in accordance with the "Company Law of the People's Republic of China," "Securities Law of the People's Republic of China," "Administrative Measures for Equity Incentives of Listed Companies," "Shenzhen Stock Exchange Self-Regulatory Guidelines for Listed Companies No. 1 — Business Handling," and other relevant laws, administrative regulations, normative documents, and the "Articles of Association of Beijing ZZNode Technologies Co., Ltd."
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The incentive instrument adopted in this Incentive Plan is stock options, and the source of the underlying shares is the Company's A-share common stock issued directly to the incentive targets.
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This Incentive Plan intends to grant 2.392 million stock options to the incentive targets, accounting for approximately 2.00% of the Company's total share capital of 119.574442 million shares on the announcement date of the draft. Of this, 1.9136 million options are granted initially, accounting for approximately 1.60% of the total share capital and 80.00% of the total options to be granted. The reserved portion is 0.4784 million options, accounting for approximately 0.40% of the total share capital and 20.00% of the total options to be granted.
Each stock option granted under this Incentive Plan confers the right to purchase 1 A-share common stock of the Company at the exercise price during the exercise period, provided that the vesting conditions and arrangements are met.
As of the announcement date of this draft, the total number of underlying shares involved in all of the Company's equity incentive plans within their validity period does not exceed 10% of the Company's total share capital. No single incentive target under this Incentive Plan has been granted options through all equity incentive plans within their validity period exceeding 1% of the Company's total share capital.
During the period from the announcement date of this draft to the completion of the exercise registration of the options, if the Company undergoes capital reserve capitalization, stock dividend distribution, share subdivision, rights issue, or share consolidation, the number of stock options will be adjusted accordingly in accordance with the provisions of this Incentive Plan.
- The total number of incentive targets for the initial grant under this Incentive Plan is 92, including directors, senior management, and core technical (business) personnel serving in the Company (including branches and subsidiaries) at the time of the announcement.
Reserved incentive targets refer to those not yet determined when the Incentive Plan is approved by the shareholders' meeting but included during the duration of the plan, to be determined within 12 months after the shareholders' meeting approves the plan. The criteria for determining reserved incentive targets shall refer to the standards for the initial grant.
- The exercise price of the stock options granted under this Incentive Plan (including the reserved portion) is 30.00 yuan/share.