2026 Second Restricted Stock Incentive Plan (Draft)

Stock Code: 300418 Stock Abbreviation: Kunlun Tech

Kunlun Tech Co., Ltd.

2026 Second Restricted Stock Incentive Plan (Draft)

August 2026

Statement

The Company's Board of Directors and all directors guarantee that the contents of this announcement do not contain any false records, misleading statements, or major omissions, and assume legal responsibility for the authenticity, accuracy, and completeness of its contents.

All incentive recipients of the Company promise that if the Company's information disclosure documents contain false records, misleading statements, or major omissions, resulting in non-compliance with the conditions for granting or vesting of rights and interests, the incentive recipients shall return all benefits obtained from this incentive plan to the Company after the relevant information disclosure documents are confirmed to contain false records, misleading statements, or major omissions.

Special Notice

1. The "Kunlun Tech Co., Ltd. 2026 Second Restricted Stock Incentive Plan (Draft)" (hereinafter referred to as the "Incentive Plan") is formulated by Kunlun Tech Co., Ltd. (hereinafter referred to as "Kunlun Tech," "the Company," or "this 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 GEM Stock Listing Rules," "Shenzhen Stock Exchange GEM Listed Company Self-Regulatory Guidelines No. 1 — Business Handling," and other relevant laws, administrative regulations, normative documents, and the "Articles of Association."

2. The incentive tool adopted by this Incentive Plan is restricted stock (Type II restricted stock). The source of the shares is the Company's RMB A-share common stock issued by the Company to the incentive recipients.

Incentive recipients who meet the grant conditions of this Incentive Plan will, upon satisfying the corresponding vesting conditions and arrangements, obtain the Company's additionally issued A-share common stock in batches during the vesting period. Such shares will be registered with the Shenzhen Branch of China Securities Depository and Clearing Corporation Limited. Before vesting, the restricted stock granted to the incentive recipients does not carry shareholder rights and may not be transferred, used for guarantees, or used to repay debts.

1. The number of restricted shares proposed to be granted to the incentive recipients under this Incentive Plan is 1.291784 million shares, accounting for approximately 0.1005% of the Company's total share capital of 1285.034715 million shares at the time of the announcement of this Incentive Plan draft.

The total number of underlying shares involved in all equity incentive plans of the Company within the validity period does not exceed 20.00% of the Company's total share capital at the time of the announcement of this Incentive Plan draft. The total number of shares of the Company granted to any single incentive recipient through all equity incentive plans within the validity period does not exceed 1.00% of the Company's total share capital at the time of the announcement of this Incentive Plan draft.

1. The grant price of the restricted stock under this Incentive Plan is 21.50 yuan/share. From the date of the announcement of this Incentive Plan until the completion of the vesting of restricted stock by the incentive recipients, if the Company undergoes capital reserve capitalization, bonus share issuance, dividend distribution, share split or consolidation, or rights issue, the grant price of the restricted stock will be adjusted accordingly in accordance with this Incentive Plan.

2. The total number of incentive recipients for this Incentive Plan is 70 people, including the Company's core technical (business) personnel at the time of the announcement of this Incentive Plan and relevant employees deemed necessary for incentive by the Company's Board of Directors. None of these individuals participated in the Company's previous incentive plan (2026 Restricted Stock Incentive Plan). Incentive recipients do not include: (1) independent directors; (2) shareholders or actual controllers who individually or collectively hold more than 5% of the shares, or their spouses, parents, or children.