301358SZSE

Announcement on Adjusting Matters Related to the 2024 Restricted Stock Incentive Plan

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Hunan Nengyuan Battery Material Co., Ltd. announces adjustments to its 2024 Restricted Stock Incentive Plan. The exercise price is adjusted from RMB 16.855 to RMB 16.499 per share due to the 2025 equity distribution. This adjustment is within the scope of the board's authorization and is not expected to materially impact the company's financial performance.

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Securities Code: 301358 Securities Abbreviation: Hunan Nengyuan Announcement No.: 2026-044

Hunan Nengyuan Battery Material Co., Ltd. Announcement on Adjusting Matters Related to the 2024 Restricted Stock Incentive Plan

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 material omissions.

Hunan Nengyuan Battery Material Co., Ltd. (hereinafter referred to as the "Company") held the twenty-second meeting of the Second Board of Directors on June 22, 2026, and deliberated and passed the "Proposal on Adjusting Matters Related to the 2024 Restricted Stock Incentive Plan." The relevant matters are hereby announced as follows:

I. Relevant Approval Procedures for this Incentive Plan

(1) On April 18, 2024, the Company held the third meeting of the Second Board of Directors and deliberated and passed the "Proposal on the 2024 Restricted Stock Incentive Plan (Draft) and its Summary," the "Proposal on the Implementation and Assessment Management Measures for the 2024 Restricted Stock Incentive Plan," and the "Proposal on Authorizing the Board of Directors to Handle Matters Related to the 2024 Restricted Stock Incentive Plan." On the same day, the Company held the third meeting of the Second Supervisory Board and deliberated and passed the "Proposal on the 2024 Restricted Stock Incentive Plan (Draft) and its Summary," the "Proposal on the Implementation and Assessment Management Measures for the 2024 Restricted Stock Incentive Plan," and the "Proposal on Verifying the List of Incentive Recipients for the Initial Grant of the 2024 Restricted Stock Incentive Plan."

(2) On April 30, 2024, the Company held the fifth meeting of the Second Board of Directors and deliberated and passed the "Proposal on the 2024 Restricted Stock Incentive Plan (Draft Amendment) and its Summary" and the "Proposal on the Implementation and Assessment Management Measures for the 2024 Restricted Stock Incentive Plan (Amendment)." On the same day, the Company held the fifth meeting of the Second Supervisory Board and deliberated and passed the "Proposal on the 2024 Restricted Stock Incentive Plan (Draft Amendment) and its Summary" and the "Proposal on the Implementation and Assessment Management Measures for the 2024 Restricted Stock Incentive Plan (Amendment)."

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