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Independent Financial Advisor Report on the First Grant of the 2025 Restricted Stock Incentive Plan of Sungrow Power Supply Co., Ltd.

Sungrow Power Supply Co., Ltd.·March 31, 2026

✨ AI Summary

This report outlines the first grant of the 2025 restricted stock incentive plan for Sungrow Power Supply Co., Ltd., detailing the conditions for vesting and related matters. The total number of shares involved is 222.25 million, with 853 individuals eligible. The adjusted offering price is set at 33.24 yuan per share. The report confirms compliance with relevant regulations and approvals.

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Full Translation

AI Translation· azure_openai

I. Definition

This independent financial advisor report is based on the "Company Law," "Securities Law," "Management Measures," "Listing Rules," and other relevant regulations. It provides information related to the 2025 restricted stock incentive plan of Sungrow Power Supply Co., Ltd., to assist the company in making informed decisions.

II. Statement

This independent financial advisor report is based on the materials provided by Sungrow Power Supply Co., Ltd. The company has confirmed that the information provided is true, accurate, and complete, and there are no false representations or omissions. The independent financial advisor does not assume any responsibility for any risks arising from this report.

III. Basic Assumptions

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