Announcement on the Results of the Third Vesting Period of the First Tranche and the Second Vesting Period of the Second Tranche of the 2022 Restricted Stock Incentive Plan and the Listing of Shares

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SuAo Sensing 2026 Announcement

Stock Code: 300507

Stock Abbreviation: SuAo Sensing

Announcement No.: 2026-034

Jiangsu Aoliver Sensing Technology Co., Ltd.

Announcement on the Results of the Third Vesting Period of the First Tranche and the Second Vesting Period of the Second Tranche of the 2022 Restricted Stock Incentive Plan and the Listing of Shares

The Company and the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.

Important Notice:

1. Vesting Date: August 12, 2026 (Wednesday);

2. Number of Shares to be Vested: 3.3554 million shares, accounting for 0.42% of the company's total share capital before vesting;

3. Number of Individuals to Vest: 42;

4. The restricted shares to be vested have no lock-up period. For incentive recipients who are directors and senior management, relevant regulations shall apply.

Jiangsu Aoliver Sensing Technology Co., Ltd. (hereinafter referred to as the "Company") held its Fourth Meeting of the Sixth Board of Directors on July 15, 2026, and deliberated and approved the "Proposal on the Fulfillment of Vesting Conditions for the Third Vesting Period of the First Tranche and the Second Vesting Period of the Second Tranche of the 2022 Restricted Stock Incentive Plan". Recently, the Company completed the registration of shares for the third vesting period of the first tranche and the second vesting period of the second tranche of the 2022 restricted stock incentive plan. The relevant matters are hereby described as follows:

I. Overview of the Implementation of the Equity Incentive Plan

(I) Brief Introduction to the Incentive Plan

The Company deliberated and approved the "Proposal on the <2022 Restricted Stock Incentive Plan (Draft)> and its Summary" at the 23rd Meeting of the Fourth Board of Directors and the 21st Meeting of the Fourth Supervisory Board on October 20, 2022, and the "Proposal on the <2022 Restricted Stock Incentive Plan (Draft)> and its Summary" at the 2022 Third Extraordinary General Meeting of Shareholders on November 9, 2022. The main contents are as follows:

1. Incentive Instrument: Class II Restricted Shares;

2. Source of Shares: Ordinary shares of Class A issued by the Company to incentive recipients;

3. Grant Price: RMB 3.13 per share;

4. Incentive Recipients: Directors, senior management, middle and senior management personnel of departments, and core management personnel, as well as other employees who the Company believes should be incentivized and have a direct impact on the Company's operating performance and future development, totaling 49 individuals;

5. Number of Restricted Shares in this Incentive Plan: The total number of equity incentives to be granted to incentive recipients under this incentive plan shall not exceed 14.95 million shares of restricted stock, of which 12.95 million shares are granted for the first time, and 2 million shares are reserved.

6. Vesting Arrangement for Restricted Shares in this Incentive Plan:

The vesting arrangement for each tranche of restricted shares granted for the first time is as follows: