Summary of the 2026 Employee Stock Ownership Plan (Draft) of Dezhou United Petroleum Technology Co., Ltd.

Declaration

The company and all members of the board guarantee that the content of the information disclosure is true, accurate, and complete, without false records, misleading statements, or major omissions.

Risk Warning

1. The 2026 Employee Stock Ownership Plan (hereinafter referred to as "this ESOP") of Dezhou United Petroleum Technology Co., Ltd. (hereinafter referred to as "the company" or "Dezhou Petroleum") must be approved by the shareholders' meeting before implementation. There is uncertainty regarding whether this ESOP will receive shareholder approval.
2. The specific sources of funds, contribution amounts, and implementation plans related to this ESOP are preliminary results, and there is uncertainty regarding whether it can be implemented.
3. If some employees participating in this ESOP waive their subscription, leading to lower subscription funds, there is a risk that this ESOP may not be established, or if established, it may be below the expected scale. The company will fulfill its information disclosure obligations based on progress, and investors are advised to make cautious decisions and pay attention to investment risks.

Special Reminder

1. The "2026 Employee Stock Ownership Plan (Draft)" (hereinafter referred to as "this ESOP") is formulated by Dezhou United Petroleum Technology Co., Ltd. (hereinafter referred to as "the company," "the company," or "Dezhou Petroleum") in accordance with the "Company Law of the People's Republic of China," "Securities Law of the People's Republic of China," "Guiding Opinions on the Pilot Implementation of Employee Stock Ownership Plans by Listed Companies," and "Self-Regulatory Guidelines No. 2 for Listed Companies on the Shenzhen Stock Exchange - Standardized Operations of Growth Enterprise Market Listed Companies," as well as relevant laws, administrative regulations, rules, normative documents, and the "Articles of Association."
2. The total number of employees participating in this ESOP shall not exceed 103, including 7 directors (excluding independent directors) and senior management. The scope of this ESOP includes directors (excluding independent directors), senior management, and middle management and core employees employed by the company or its holding companies. The final list of participants, number of participants, and final share allocation will be determined based on the actual contributions made by employees.
3. The total funding limit for this ESOP is 9,324,316 yuan, with "units" as the subscription unit, each unit being 1 yuan. The maximum number of units for this ESOP is 9,324,316 units, and the final amount of funds raised will be based on the actual amount raised. The sources of funds are employees' legal salaries, self-raised funds, and other legally permitted means. The company does not provide financial assistance or guarantees for loans to employees.
4. The shares for this ESOP will be sourced from the company's repurchased A-share common stock held in a special repurchase account. After the ESOP is approved by the shareholders' meeting, the shares will be obtained through non-trading transfers or other legally permitted methods from the company's repurchase special securities account.
5. The purchase price for the repurchased shares under this ESOP is 13.66 yuan/share, which is not lower than the par value of the company's stock and not lower than the higher of the following prices: (1) 50% of the average trading price of the company's stock on the trading day before the announcement of this ESOP draft, which is 13.65 yuan/share; (2) 50% of the average trading price of the company's stock over the 60 trading days prior to the announcement of this ESOP draft, which is 13.26 yuan/share.