Explanation of Public Disclosure
Dali Electronics Co., Ltd. (hereinafter referred to as "the Company") held the ninth meeting of the fourth Board of Directors on May 18, 2026, where it reviewed and approved the proposals regarding the "2026 Restricted Stock Incentive Plan (Draft)" and its summary, as well as the "Implementation Assessment Management Measures for the 2026 Restricted Stock Incentive Plan." The specific content can be found in the relevant announcement disclosed by the Company on May 19, 2026, on the Giant Tide Information Network (www.cninfo.com.cn).
According to the "Administrative Measures for Equity Incentives of Listed Companies" (hereinafter referred to as "the Management Measures"), the "Listing Rules for the Growth Enterprise Market of the Shenzhen Stock Exchange" (hereinafter referred to as "the Listing Rules"), and the "Self-Regulatory Guidelines No. 1 for the Growth Enterprise Market Listed Companies of the Shenzhen Stock Exchange - Business Handling," the Company publicly disclosed the initial grant list of incentive objects for the 2026 Restricted Stock Incentive Plan (hereinafter referred to as "this Incentive Plan") internally. The Compensation and Assessment Committee of the Board of Directors verified the initial grant list based on the public disclosure situation, and the relevant public disclosure situation and verification opinions are as follows: