Zhejiang Zhongyin Fashion Co., Ltd. (hereinafter referred to as "the Company" or "Zhongyin Fashion") held its fourth interim board meeting of 2026 on May 8, 2026, and the annual general meeting of shareholders on May 18, 2026, where it approved relevant proposals regarding the "2026 Employee Stock Ownership Plan (Draft)" and its summary, as well as the "Management Measures for the 2026 Employee Stock Ownership Plan." The specific content can be found in the announcements disclosed on the designated information disclosure website of the China Securities Regulatory Commission, www.cninfo.com.cn.
According to the "Guiding Opinions on the Pilot Implementation of Employee Stock Ownership Plans by Listed Companies" and the "Self-Regulatory Guidelines No. 2 for the Standard Operation of Listed Companies on the Shenzhen Stock Exchange," the progress of the Company's 2026 Employee Stock Ownership Plan (hereinafter referred to as "this Employee Stock Ownership Plan" or "this Plan") is announced as follows: