2026 Plan for Issuance of Shares to Specific Targets

Stock Code: 300611 Stock Abbreviation: Meili Technology

Zhejiang Meili High Technology Co., Ltd.

(Address: No. 1 Wenhua Road, Xinchang County, Shaoxing City, Zhejiang Province)

2026 Plan for Issuance of Shares to Specific Targets

August 2026

Company Statement

1. The Company and all members of the Board of Directors guarantee that the contents of this plan are true, accurate, and complete, and confirm that there are no false records, misleading statements, or major omissions, and assume individual and joint legal liability for the truthfulness, accuracy, and completeness of the contents of this plan.

2. This plan is prepared 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 the Registration of Securities Issuance by Listed Companies, and other laws, regulations, and normative documents.

3. Upon completion of this issuance of shares to specific targets, the Company shall be solely responsible for changes in its operations and earnings; investment risks arising from this issuance shall be borne by the investors themselves.

4. This plan is the Board of Directors' explanation of this issuance of shares to specific targets, and any statement to the contrary is a false statement.

5. If investors have any questions, they should consult their stock brokers, lawyers, accountants, or other professional advisors.

6. The matters described in this plan do not represent a substantive judgment, confirmation, or approval by the approval authorities regarding the matters related to this issuance of shares to specific targets. The effectiveness and completion of the matters related to this issuance are subject to approval by the Company's shareholders' meeting, review by the Shenzhen Stock Exchange, and registration by the China Securities Regulatory Commission.

Special Notice

The terms or abbreviations used in this section have the same meanings as those defined in the "Definitions" section of this plan.

1. The plan for this issuance of shares to specific targets has been reviewed and approved at the seventh meeting of the sixth session of the Board of Directors and is still subject to approval by the Company's shareholders' meeting, review by the Shenzhen Stock Exchange, and registration by the China Securities Regulatory Commission before it can be implemented.

2. The targets for this issuance of shares to specific targets shall not exceed 35 (inclusive), including securities investment fund management companies, securities companies, trust companies, finance companies, insurance institutional investors, qualified foreign institutional investors, and other legal entities, natural persons, or other qualified investors that meet the conditions stipulated by the China Securities Regulatory Commission. Securities investment fund management companies, securities companies, qualified foreign institutional investors, or RMB qualified foreign institutional investors subscribing with two or more products under their management shall be deemed as one target; trust companies acting as targets may only subscribe with their own funds.

The final targets will be determined by the Board of Directors, as authorized by the shareholders' meeting, in accordance with the relevant regulations of the China Securities Regulatory Commission and the Shenzhen Stock Exchange, and through consultation with the sponsor (lead underwriter) based on the bidding results after the issuance application is reviewed by the Shenzhen Stock Exchange and registered by the China Securities Regulatory Commission. If there are new provisions in national laws and regulations, the Company will make adjustments accordingly.

All targets for this issuance shall subscribe for the shares in cash at the same price.

1. The total amount of funds raised from this issuance of shares shall not exceed 585 million RMB (inclusive). After deducting issuance expenses, the net proceeds will be used for the following projects: