Ningbo Zhenyu Technology Co., Ltd. (hereinafter referred to as "the Company") and all members of the board of directors guarantee that the information disclosed is true, accurate, and complete, without any false records, misleading statements, or significant omissions.
On June 1, 2026, the Company held the 14th meeting of the 5th board of directors, where it reviewed and approved the proposal regarding the cancellation of certain granted but unvested restricted stocks under the 2022 Restricted Stock Incentive Plan. According to the provisions of the "Company 2022 Restricted Stock Incentive Plan (Draft)" (hereinafter referred to as "the Incentive Plan") and the "Company 2022 Restricted Stock Incentive Plan Implementation Assessment Management Measures" (hereinafter referred to as "the Assessment Management Measures"), and authorized by the Company's third extraordinary general meeting of shareholders in 2022, the board of directors agreed to cancel a total of 11,604 restricted stocks (adjusted) that were granted but not yet vested. The relevant matters are explained as follows: