[Image: Sangfor Technologies logo]
Stock Abbreviation: Sangfor
Stock Code: 300454
Sangfor Technologies Inc.
2026 Restricted Stock Incentive Plan
(Draft)
August 2026
Statement
The Company and all directors and senior management guarantee that this incentive plan and its summary contain no false records, misleading statements, or major omissions, and assume individual and joint legal responsibility for the authenticity, accuracy, and completeness of the content.
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 granting of equity or equity vesting arrangements, 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
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This incentive plan is formulated in accordance with the Company Law of the People's Republic of China, the Securities Law of the People's Republic of China, the Administrative Measures for Equity Incentives of Listed Companies, the Rules Governing the Listing of Stocks on the ChiNext Market of the Shenzhen Stock Exchange, the Guidelines No. 1 for Self-Regulation of Listed Companies on the ChiNext Market of the Shenzhen Stock Exchange — Business Handling, and other relevant laws, administrative regulations, normative documents, and the Articles of Association of Sangfor Technologies Inc.
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The Company does not fall under the circumstances where equity incentives are prohibited as stipulated in Article 7 of the Administrative Measures for Equity Incentives of Listed Companies.
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The incentive recipients of this plan do not fall under the circumstances where they are prohibited from becoming incentive recipients as stipulated in Article 8 of the Administrative Measures for Equity Incentives of Listed Companies and Article 8.4.2 of the Rules Governing the Listing of Stocks on the ChiNext Market of the Shenzhen Stock Exchange.
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The incentive instrument for this plan is restricted stock (Type II restricted stock). The source of the shares is the Company's A-share common stock repurchased from the secondary market and/or A-share common stock of the Company issued to the incentive recipients.
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This incentive plan intends to grant 2.00 million restricted shares to the incentive recipients, accounting for approximately 0.46% of the Company's total share capital of 431,559,055 shares at the time of the announcement of this draft plan. Among them, 1.60 million shares will be granted for the first time, accounting for approximately 0.37% of the total share capital; 0.40 million shares are reserved, accounting for approximately 0.09% of the total share capital, and the reserved portion accounts for 20.00% of the total shares proposed to be granted under this draft plan.
The total number of underlying shares involved in all of the Company's equity incentive plans within the validity period does not exceed 20% of the Company's total share capital. The total number of company shares granted to any single incentive recipient through all equity incentive plans within the validity period does not exceed 1% of the Company's total share capital.
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From the date of the announcement of this draft plan to the vesting of the restricted shares, if the Company undergoes capital reserve conversion, stock dividend distribution, share split or consolidation, rights issue, or dividend payment, the grant price and quantity of the restricted shares will be adjusted accordingly in accordance with this incentive plan.
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There are a total of 562 incentive recipients for the initial grant of this incentive plan, all of whom are directors, senior management, and core technical and business personnel serving in the Company (including holding subsidiaries, the same below) at the time of the announcement of this draft plan.