[Image: Colorlight logo]
Colorlight Cloud Tech Co., Ltd.
2026 Employee Stock Ownership Plan
(Draft)
June 2026
Statement
Colorlight Cloud Tech Co., Ltd. (hereinafter referred to as the "Company") and all directors guarantee that this Employee Stock Ownership Plan and its summary contain no false records, misleading statements, or major omissions, and assume individual and joint legal liability for their authenticity, accuracy, and completeness.
Risk Disclosure
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This 2026 Employee Stock Ownership Plan (hereinafter referred to as the "Employee Stock Ownership Plan" or "this Plan") must be approved by the Company's general meeting of shareholders before implementation. There is uncertainty as to whether this Plan will be approved.
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The specific funding sources, contribution ratios, and implementation plans for this Plan are preliminary results, and there is uncertainty regarding their successful implementation. If employee subscription funds are low, there is a risk that this Plan may not be established; if subscription funds are insufficient, there is a risk that the scale of this Plan will be lower than expected.
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After its establishment, this Plan will be managed by the Company itself. The Company will establish an Employee Stock Ownership Plan Management Committee to serve as the daily supervision and management body. The Company has adopted appropriate risk prevention and isolation measures to effectively safeguard the legitimate rights and interests of the holders. During the duration of the plan, the Management Committee may hire third-party professional institutions to provide management, consulting, and other services.
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The descriptions of company performance assessment indicators in this Plan do not represent the Company's performance forecasts, nor do they constitute performance commitments.
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Stock prices are affected by various complex factors such as the Company's operating performance, macroeconomic cycles, domestic and international political and economic situations, and investor psychology. The Company will disclose relevant progress in accordance with regulations. Investors are advised to make decisions cautiously and be aware of investment risks.
Special Tips
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This 2026 Employee Stock Ownership Plan is formulated in accordance with the Company Law of the People's Republic of China, the Securities Law of the People's Republic of China, the Guiding Opinions on Pilot Projects for Employee Stock Ownership Plans of Listed Companies, the Shenzhen Stock Exchange Self-Regulatory Guidelines for Listed Companies No. 2—Standardized Operation of Companies Listed on the ChiNext Board, and other relevant laws, administrative regulations, rules, normative documents, and the Articles of Association.
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This Plan follows the principles of legality, compliance, voluntary participation, and risk-bearing by employees. There are no instances of apportionment or forced participation.
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The participants of this Plan are the Company's directors (excluding independent directors), senior management, and other core personnel. The total number of participants shall not exceed 80, including 5 directors (excluding independent directors) and senior management. The specific number of participants will be determined based on actual employee payments.
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The funding sources for this Plan are employee self-raised funds, social financing, and other methods permitted by laws and regulations. There is no financial assistance or loan guarantees provided by the Company to the holders, nor are there any arrangements for rewards, funding, subsidies, or guarantees provided by third parties. The scale of the underlying shares involved in this Plan shall not exceed 1.6 million shares. The transfer price of the repurchased shares is 34.22 yuan/share, which is not less than 50% of the average price of 68.43 yuan/share for the 20 trading days prior to the announcement of this draft. The total funds raised shall not exceed 54,752,000 yuan, with "shares" as the subscription unit, each share being 1 yuan. The upper limit of the shares for this Plan is 54,752,000 shares, with the specific amount determined by actual contributions.