The company and all members of the board guarantee that the information disclosed is true, accurate, and complete, without false records, misleading statements, or significant omissions. On March 27, 2026, the company held the 18th meeting of the second board of directors, which reviewed and approved the proposal on the cancellation of certain granted but unvested restricted stocks under the 2024 Restricted Stock Incentive Plan.
According to the relevant provisions of the company's "2024 Restricted Stock Incentive Plan (Draft)" (hereinafter referred to as "Incentive Plan"), and the authorization from the company's first extraordinary general meeting of shareholders in 2025, 11 participants from the initial grant of the incentive plan have left the company, and one participant voluntarily waived their vesting for personal reasons. These 12 individuals no longer qualify as incentive participants. The board agreed to cancel the 77,000 shares of restricted stock that were granted but not yet vested. Additionally, two participants experienced demotions for personal reasons, and the company decided to adjust their granted but unvested restricted stocks according to the corresponding amount after demotion, resulting in the cancellation of 5,500 shares due to the difference between the original granted amount and the adjusted amount.
The relevant approval procedures for this incentive plan have been fulfilled as follows: