Announcement on Granting Restricted Stock to Incentive Plan Participants for 2026

Securities Code: 301098

Bond Code: 123198

Securities Abbreviation: Jinpu Garden

Bond Abbreviation: Jinpu Convertible Bond

Announcement Number: 2026-095

Jinpu Garden Co., Ltd.

Announcement on Granting Restricted Stock to Incentive Plan Participants for 2026

The Company and the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed herein, and are free from any false representations, misleading statements, or material omissions.

Key Information Prompt:

● Incentive Method: Stock Options and Class I Restricted Shares

● Grant Date: June 17, 2026

● Stock Option Grant Quantity: 5.00 million units, Exercise Price: 9.48 yuan/share

● Restricted Share Grant Quantity: 8.00 million shares, Grant Price: 4.74 yuan/share

Jinpu Garden Co., Ltd. (hereinafter referred to as the "Company") has met the vesting conditions for stock options and restricted shares stipulated in the 2026 Stock Option and Restricted Share Incentive Plan (hereinafter referred to as the "Incentive Plan"). In accordance with the authorization from the Company's Second Extraordinary General Meeting of Shareholders in 2026, the Company held the 37th meeting of the Fifth Board of Directors on June 17, 2026, and deliberated and approved the "Proposal on Granting Stock Options and Restricted Shares to Incentive Plan Participants for 2026". It was agreed and determined that the grant date for this Incentive Plan is June 17, 2026. 5.00 million stock options will be granted to 38 eligible incentive recipients at an exercise price of 9.48 yuan/share; 8.00 million restricted shares will be granted to 43 eligible incentive recipients at a grant price of 4.74 yuan/share. The relevant matters are hereby explained as follows:

I. Brief Introduction to the Incentive Plan

On May 22, 2026, the Company held the Second Extraordinary General Meeting of Shareholders in 2026, which deliberated and approved the "2026 Stock Option and Restricted Share Incentive Plan (Draft)" (hereinafter referred to as the "Incentive Plan (Draft)"), the main contents of which are as follows:

(I) Incentive Tools: Stock options and restricted shares (Class I restricted shares).

(II) Source of Underlying Shares: Ordinary A shares of the Company to be issued to incentive recipients.

(III) The exercise price of stock options is 9.48 yuan/share, and the grant price of restricted shares is 4.74 yuan/share.

(IV) Incentive Recipients and Allocation: A total of 43 incentive recipients are planned to be granted under this Incentive Plan, including directors, senior management personnel, and core technical (business) backbones employed by the Company at the time of the announcement of the "Incentive Plan (Draft)". Independent directors are excluded, as are shareholders who individually or collectively hold 5% or more of the Company's shares, or their controlling shareholders and their spouses, parents, and children.

The allocation of stock options planned to be granted under this Incentive Plan among the incentive recipients is shown in the table below: