Electric Connection Technology Co., Ltd. (hereinafter referred to as "the Company") held the eighth meeting of the fourth Compensation and Assessment Committee on May 28, 2026, and the fifteenth meeting of the fourth Board of Directors on June 1, 2026. The meetings reviewed and approved the proposal on adjusting the grant price of the 2025 Restricted Stock Incentive Plan. According to the "2025 Restricted Stock Incentive Plan (Draft)" (hereinafter referred to as "the Incentive Plan") and the authorization from the Company's second extraordinary general meeting of shareholders in 2025, the Board of Directors adjusted the initial grant and reserved grant price of the 2025 Restricted Stock Incentive Plan. The specific circumstances are as follows:
I. Relevant Approval Procedures Completed
-
On April 2, 2025, the Company held the second meeting of the fourth Board of Directors, which reviewed and approved the proposals regarding the "2025 Restricted Stock Incentive Plan (Draft)" and its summary, the "Implementation Assessment Management Measures for the 2025 Restricted Stock Incentive Plan," and the proposal to authorize the Board of Directors to handle matters related to the Company's equity incentive plan. On the same day, the Company held the second meeting of the fourth Supervisory Board, which reviewed and approved the same proposals and verified the list of initial grant recipients for the 2025 Restricted Stock Incentive Plan. The Supervisory Board also conducted a review of the relevant matters of this incentive plan and issued a verification opinion. On April 3, 2025, the Company disclosed the "Legal Opinion on the 2025 Restricted Stock Incentive Plan (Draft)" from Shanghai Junlan Law Firm and the "Independent Financial Advisor Report on the 2025 Restricted Stock Incentive Plan (Draft)" on the Giant Tide Information Network (http://www.cninfo.com.cn). The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, without false records, misleading statements, or significant omissions.
-
From April 3 to April 12, 2025, the Company publicly announced the names and positions of the initial grant recipients of the incentive plan on its website. During the announcement period, the Supervisory Board did not receive any objections from employees regarding the initial grant recipients. On April 16, 2025, the Company disclosed the "Verification Opinion and Publicity Situation of the List of Initial Grant Recipients of the 2025 Restricted Stock Incentive Plan" (Announcement No.: 2025-025) on the Giant Tide Information Network.
-
On April 24, 2025, the Company held the second extraordinary general meeting of shareholders in 2025, which reviewed and approved the proposals regarding the "2025 Restricted Stock Incentive Plan (Draft)" and its summary, the "Implementation Assessment Management Measures for the 2025 Restricted Stock Incentive Plan," and the proposal to authorize the Board of Directors to handle matters related to the Company's equity incentive plan. On the same day, the Company disclosed the "Self-Examination Report on the Trading of Company Stocks by Insiders of the 2025 Restricted Stock Incentive Plan" (Announcement No.: 2025-038) on the Giant Tide Information Network.