Management Rules for the 2026 Employee Stock Ownership Plan of Texas United Petroleum Technology Co., Ltd.

Chapter 1 General Principles

Article 1

To standardize the implementation of the Employee Stock Ownership Plan (hereinafter referred to as "this ESOP") of Texas United Petroleum Technology Co., Ltd. (hereinafter referred to as "the Company"), these management rules are formulated in accordance with the Company Law of the People's Republic of China (hereinafter referred to as "the Company Law"), the Securities Law of the People's Republic of China (hereinafter referred to as "the Securities Law"), the Listing Rules of the Shenzhen Stock Exchange (hereinafter referred to as "the Listing Rules"), the Self-Regulatory Guidelines No. 2 for Listed Companies on the Shenzhen Stock Exchange (hereinafter referred to as "Self-Regulatory Guidelines No. 2"), the Guidance on Pilot Implementation of Employee Stock Ownership Plans by Listed Companies issued by the China Securities Regulatory Commission (hereinafter referred to as "the Guidance"), and other relevant laws, administrative regulations, rules, normative documents, and the Articles of Association of Texas United Petroleum Technology Co., Ltd. (hereinafter referred to as "the Articles of Association"), as well as the provisions of the draft Employee Stock Ownership Plan of Texas United Petroleum Technology Co., Ltd. for 2026.

Chapter 2 Formulation of the Employee Stock Ownership Plan

Article 2 Basic Principles of this ESOP

1. Principle of Legal Compliance: This ESOP shall strictly follow the procedures stipulated by laws and administrative regulations, and disclose information truthfully, accurately, completely, and timely. No one shall use the ESOP for insider trading, market manipulation, or other securities fraud.
2. Principle of Voluntary Participation: Participation in this ESOP is voluntary, and there shall be no forced participation through allocation or coercion.
3. Principle of Risk Bearing: Holders of this ESOP bear their own profits and losses, and assume the risks.

Article 3 Holders of the Employee Stock Ownership Plan and Determination Criteria

1. Legal Basis for Determining Holders: The Company determines the list of holders of this ESOP based on the relevant provisions of the Company Law, Securities Law, Listing Rules, Self-Regulatory Guidelines No. 2, Guidance, and the Articles of Association, combined with actual circumstances. All holders must be employed by the Company or its controlling companies, have signed labor contracts, and receive remuneration.
2. Scope of Holders: 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 participants includes directors (excluding independent directors), senior management, and middle management and core employees recognized by the Company.
3. Verification of Holders: A lawyer hired by the Company will issue an opinion on whether the qualifications of the holders comply with relevant laws and regulations, the Articles of Association, and this ESOP.