Announcement on the Revision of the Company's First Phase Equity Incentive Plan (Draft) and Related Documents

Fujian Hengerdan 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 "First Phase Equity Incentive Plan (Draft) of Fujian Hengerdan New Materials Co., Ltd." and its summary. The specific content can be found in the relevant announcement disclosed by the Company on February 11, 2026, on the Giant Tide Information Network (www.cninfo.com.cn).

To ensure the effective implementation of the first phase equity incentive plan, further optimize the talent incentive scheme, and enhance employee cohesion and the company's core competitiveness, the Company held the eleventh meeting of the third board of directors on February 24, 2026, where it reviewed and approved the proposal regarding the "Revised Draft of the First Phase Equity Incentive Plan of Fujian Hengerdan New Materials Co., Ltd." and its summary. The Company agreed to adjust and revise the "First Phase Equity Incentive Plan (Draft)" and its summary based on actual conditions. The revisions to the "First Phase Equity Incentive Plan (Draft)" are as follows:

1. The revisions to the "Special Reminder" section are as follows:

   • Before revision:
     • The number of restricted shares to be granted to the incentive objects is 1.664 million shares, accounting for approximately 1.07% of the total share capital of 15,607,800 shares as of the announcement date of this incentive plan draft. Among them, the initial grant of restricted shares is 1.564 million shares, accounting for approximately 1.00% of the total share capital, and 93.99% of the total number of restricted shares to be granted; 100,000 shares are reserved, accounting for approximately 0.06% of the total share capital, and 6.01% of the total number of restricted shares to be granted. As of the announcement date of this incentive plan draft, the total number of shares involved in all effective equity incentive plans has not exceeded 20.00% of the company's total share capital. The number of shares granted to any incentive object through all effective equity incentive plans has not exceeded 1.00% of the company's total share capital.
   • After revision:
     • The number of restricted shares to be granted to the incentive objects is 1.848 million shares, accounting for approximately 1.18% of the total share capital of 15,607,800 shares as of the announcement date of this incentive plan draft. Among them, the initial grant of restricted shares is 1.748 million shares, accounting for approximately 1.12% of the total share capital, and 94.59% of the total number of restricted shares to be granted; 100,000 shares are reserved, accounting for approximately 0.06% of the total share capital, and 5.41% of the total number of restricted shares to be granted. As of the announcement date of this incentive plan draft, the total number of shares involved in all effective equity incentive plans has not exceeded 20.00% of the company's total share capital. The number of shares granted to any incentive object through all effective equity incentive plans has not exceeded 1.00% of the company's total share capital.

2. The revisions to the "Chapter 4 Basis and Scope for Determining Incentive Objects" in the "Scope of Incentive Objects" section are as follows:

   • Before revision:
     • The initial number of incentive objects to be granted is 63, including:
       1. Directors and senior management;
       2. Core technical/business personnel.
   • After revision:
     • The initial number of incentive objects to be granted is 61, including:
       1. Directors and senior management;
       2. Core technical/business personnel.