Explanation from the Compensation and Assessment Committee of the Board of Directors on the Review and Announcement of the First Grant List of the Equity Incentive Plan
Fujian Heng'erdan New Materials Co., Ltd. (hereinafter referred to as the "Company") held the tenth meeting of the third Board of Directors on February 10, 2026, where it reviewed and approved the proposal regarding the "Fujian Heng'erdan New Materials Co., Ltd. First Equity Incentive Plan (Draft)" and its summary, with specific details disclosed in the announcement on February 11, 2026, on the Giant Tide Information Network (www.cninfo.com.cn).
In accordance with the "Management Measures for Equity Incentives of Listed Companies" (hereinafter referred to as the "Incentive Management Measures"), the "Self-Regulatory Guidelines for the Shenzhen Stock Exchange GEM Listed Companies No. 1 - Business Handling" (hereinafter referred to as the "GEM Business Handling"), and other relevant laws, administrative regulations, rules, normative documents, and the "Articles of Association" of the Company, the names and positions of the candidates for the first grant under the equity incentive plan (hereinafter referred to as "this incentive plan") were publicly announced internally within the Company.
Based on the public announcement, the Compensation and Assessment Committee of the Board of Directors conducted a review of the relevant information regarding the candidates for the first grant of this incentive plan and issued the following explanation: