Announcement on the Results of the Second Vesting Period of the 2024 Restricted Stock Incentive Plan and the Listing of Shares

Announcement on the Results of the Second Vesting Period of the 2024 Restricted Stock Incentive Plan and the Listing of Shares

The company and all members of the board of directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.

Key Information Prompts:

1. Vesting Date: August 5, 2026

2. Number of Shares Vested: 427,700 shares, accounting for 0.29% of the company's total share capital.

3. Number of Employees Vested: 147 people

4. Grant Price of the Restricted Stock Incentive Plan: 5.8979 RMB/share

5. Listing and Circulation Arrangement/Lock-up Arrangement for Vested Shares: The restricted shares vested in this period are not subject to lock-up and can be circulated upon listing.

Baoding Dongli Machinery Manufacturing Co., Ltd. (hereinafter referred to as the "Company") held the 23rd meeting of the Fourth Board of Directors on July 13, 2026, and deliberated and approved the "Proposal on the Fulfillment of Vesting Conditions for the Second Vesting Period of the 2024 Restricted Stock Incentive Plan." In accordance with the "Administrative Measures for Share Incentive Plans of Listed Companies" (hereinafter referred to as the "Administrative Measures"), relevant laws and regulations, normative documents, and the provisions of the "2024 Restricted Stock Incentive Plan (Draft)" (hereinafter referred to as the "Incentive Plan (Draft)" or "This Incentive Plan"), the company recently completed the registration of shares vested in the second vesting period of this incentive plan. The relevant situation is hereby announced as follows:

I. Overview of the Implementation of the 2024 Restricted Stock Incentive Plan

(I) Introduction to This Incentive Plan

The Company held the 6th meeting of the Fourth Board of Directors on June 27, 2024, and the 1st Extraordinary General Meeting of Shareholders on July 17, 2024, respectively, and deliberated and approved the "Proposal on the '2024 Restricted Stock Incentive Plan (Draft)' and its Summary." The main contents are as follows:

1. Incentive Tool: Restricted Shares (Class II Restricted Shares).

2. Source of Underlying Shares: Ordinary A shares repurchased by the company from the secondary market and/or ordinary A shares issued by the company to the incentive recipients on a targeted basis.

3. Grant Price: 6.49 RMB/share (before adjustment).

4. Incentive Recipients and Allocation: The total number of incentive recipients for this incentive plan is 162, including the company's directors, senior management, and core technical (business) backbones. It does not include independent directors, supervisors, nor shareholders or actual controllers who individually or collectively hold more than 5% of the company's shares, nor their spouses, parents, children, and foreign employees.

The allocation of restricted shares to be granted under this incentive plan among the incentive recipients is as follows: