Announcement of Chaojie Fastening System (Shanghai) Co., Ltd. on Granting Restricted Stocks to Incentive Objects

Chaojie Fastening System (Shanghai) Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, without any false records, misleading statements, or significant omissions.

Important Content Reminder:

1. Date of restricted stock grant: April 3, 2026
2. Number of restricted stocks granted: 846,000 shares
3. Grant price of restricted stocks: 80.50 CNY/share
4. Number of recipients of restricted stocks: 33 persons

Chaojie Fastening System (Shanghai) Co., Ltd. held the third meeting of the seventh Board of Directors on April 3, 2026, and reviewed and approved the proposal on granting restricted stocks to incentive objects. According to the provisions of the "2026 Restricted Stock Incentive Plan (Draft)" (hereinafter referred to as "the Incentive Plan (Draft)" or "this Incentive Plan") and the authorization from the Company's first extraordinary general meeting of shareholders in 2026, the Board of Directors believes that the conditions for granting restricted stocks in 2026 have been met. It agrees to set April 3, 2026, as the grant date and to grant 846,000 shares of restricted stocks at a price of 80.50 CNY/share to 33 eligible incentive objects. The relevant matters are explained as follows:

I. Brief Description of the Incentive Plan

1. Incentive Tool: First category of restricted stocks
2. Source of Stocks: A-shares repurchased from the secondary market
3. Grant Price: 80.50 CNY/share
4. Total Number of Grants: The total rights to be granted to incentive objects under this Incentive Plan amount to 846,000 shares, accounting for approximately 0.63% of the Company's total share capital of 134,261,011 shares at the time of the announcement of the Incentive Plan draft. This Incentive Plan is a one-time grant, with no reserved rights.
5. Scope of Incentive Objects: A total of 33 incentive objects are included in this Incentive Plan, consisting of directors, senior management, and core technical/business personnel employed by the Company (including subsidiaries) at the time of the announcement of this Incentive Plan, excluding independent directors.
6. Validity Period, Lock-up Period, and Release Arrangement:
   1. Validity Period: The validity period of this Incentive Plan is from the date of grant of the restricted stocks until all restricted stocks granted to the incentive objects are released from restrictions or repurchased and canceled, not exceeding 72 months.
   2. Lock-up Period: The lock-up periods for the restricted stocks granted under this Incentive Plan are as follows:
      • 12 months from the completion of registration of the restricted stocks
      • 24 months from the completion of registration of the restricted stocks
      • 36 months from the completion of registration of the restricted stocks
      • 48 months from the completion of registration of the restricted stocks
        During the lock-up period, any capital reserves generated from the restricted stocks granted to the incentive objects, such as stock dividends, rights issues, and shares allocated in additional issuances to original shareholders, will also be subject to the same lock-up period and cannot be sold or transferred in the secondary market. If the Company repurchases the restricted stocks that have not yet been released from restrictions, those shares will also be repurchased.
   3. Release Arrangement: The release periods and arrangements for the restricted stocks granted under this Incentive Plan are as follows: