Announcement on the Achievement of Exercise Conditions for the Third Exercise Period of Stock Options under the 2023 Restricted Stock and Stock Option Incentive Plan

Shenzhen Platinum New Materials Co., Ltd. (hereinafter referred to as "the Company") held the 17th meeting of the 4th Board of Directors on June 1, 2026, and approved the proposal regarding the achievement of exercise conditions for the third exercise period of stock options under the 2023 Restricted Stock and Stock Option Incentive Plan (hereinafter referred to as "the Incentive Plan"). The specific details regarding the achievement of exercise conditions are announced as follows:

I. Overview of the Implementation of the Incentive Plan

On April 17, 2023, the Company held the first extraordinary general meeting of shareholders in 2023, which approved the proposal regarding the "2023 Restricted Stock and Stock Option Incentive Plan (Draft)" and related proposals. The main contents of the stock option incentive plan under the 2023 Incentive Plan are as follows:

(1) Authorization and Exercise Conditions of Stock Options

The Company and all members of the Board of Directors guarantee that the content of information disclosure is true, accurate, and complete, without false records, misleading statements, or major omissions.

1. Conditions for Granting Stock Options: Incentive objects can only be granted stock options if the following conditions are met:
   • The Company has not experienced any of the following situations:
     1. The financial accounting report for the most recent accounting year has been issued with a negative opinion or unable to express an opinion by a registered accountant.
     2. The internal control of the financial report for the most recent accounting year has been issued with a negative opinion or unable to express an opinion by a registered accountant.
     3. There has been a failure to distribute profits in accordance with laws, regulations, the Articles of Association, or public commitments within the last 36 months after listing.
     4. Laws and regulations prohibit the implementation of equity incentives.
     5. Other situations identified by the China Securities Regulatory Commission (CSRC).
   • The incentive object has not experienced any of the following situations:
     1. Recognized as an inappropriate candidate by the stock exchange within the last 12 months.
     2. Recognized as an inappropriate candidate by the CSRC and its dispatched agencies within the last 12 months.
     3. Administrative penalties or market entry bans imposed by the CSRC and its dispatched agencies due to major illegal activities within the last 12 months.
     4. Situations that disqualify them from serving as directors or senior management as stipulated by the Company Law.
     5. Laws and regulations prohibit participation in equity incentives of listed companies.
     6. Other situations identified by the CSRC.