2026 Employee Stock Ownership Plan (Draft) Summary

[Chart: Colorlight Logo]

Colorlight Cloud Tech Co., Ltd.

2026 Employee Stock Ownership Plan (Draft) Summary

June 2026

Statement

Colorlight Cloud Tech Co., Ltd. (hereinafter referred to as the "Company") and all its 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 Warning

1. 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 it can be implemented. There is uncertainty as to whether this Plan will be approved.

2. 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 the Plan may not be established; if subscription funds are insufficient, there is a risk that the Plan will be smaller than the expected scale.

3. After its establishment, this Plan will be managed by the Company itself. The Company will establish an Employee Stock Ownership Plan Management Committee as the daily supervision and management body. The Company has adopted appropriate risk prevention and isolation measures to effectively protect 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.

4. The description of company performance assessment indicators in this Plan does not represent the Company's performance forecasts, nor does it constitute a performance commitment.

5. 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 sentiment. The Company will disclose relevant progress in accordance with regulations. Investors are advised to make cautious decisions and be aware of investment risks.

Special Tips

1. 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 the Pilot Implementation of Employee Stock Ownership Plans by Listed Companies, the Shenzhen Stock Exchange Self-Regulatory Guidelines for Listed Companies No. 2 — Standardized Operation of Companies Listed on the ChiNext Market, and other relevant laws, administrative regulations, rules, normative documents, and the Articles of Association.

2. This Plan follows the principles of legality, compliance, voluntary participation by employees, and risk-taking by participants. There is no forced participation or apportionment.

3. Participants in this Plan are 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.

4. Funding sources for this Plan include self-raised funds from employees, social financing, and other methods permitted by laws and regulations. The Company does not provide financial assistance or loan guarantees to holders, and no third party provides rewards, funding, subsidies, or guarantees for employees participating in this Plan. The scale of underlying shares involved in this Plan does not exceed 1.6 million shares. The transfer price for repurchased shares is 34.22 yuan per share, which is not less than 50% of the average price of 68.43 yuan per share for the 20 trading days prior to the announcement of the draft. The total funds raised shall not exceed 54,752,000 yuan, with each share unit priced at 1 yuan. The upper limit of units is 54,752,000, with the specific amount determined by actual contributions.