Announcement on the Fulfillment of Exercise Conditions for the Second Tranche of Options Granted in the First Tranche of the 2024 Stock Option Incentive Plan

Securities Code: 301488

Securities Abbreviation: Haoun EV

Announcement No.: 2026-057

Announcement on the Fulfillment of Exercise Conditions for the Second Tranche of Options Granted in the First Tranche of the 2024 Stock Option Incentive Plan

The Company and all members of the Board of Directors guarantee the content of the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.

Special Reminder:

1. The number of incentive recipients who meet the exercise conditions this time is 161.

2. The number of stock options that can be exercised this time is 29,645.

3. Source of exercisable stock options: Ordinary RMB A shares of the Company issued to incentive recipients.

4. The exercise price for the first tranche of the initial grant (adjusted for equity distribution) is RMB 53.09 per share.

5. If all exercisable stock options are exercised, the Company's shares will still meet the listing conditions.

6. The exercise matters this time require completion of the corresponding exercise procedures by the relevant institutions before exercise can proceed. Investors are kindly requested to pay attention.

Shenzhen Haoun Electric Vehicle Equipment Co., Ltd. (hereinafter referred to as the "Company") held the 27th meeting of the Third Board of Directors on August 7, 2026, and deliberated and approved the "Proposal on the Fulfillment of Exercise Conditions for the Second Tranche of Options Granted in the Second Exercise Period of the First Tranche of the 2024 Stock Option Incentive Plan." In accordance with the "Administrative Measures for Equity Incentives of Listed Companies," the Company's "2024 Stock Option Incentive Plan (Draft)," and the authorization of the Company's Third Extraordinary General Meeting of Shareholders in 2024, the Board of Directors believes that the exercise conditions for the second tranche of options granted in the second exercise period of the 2024 stock option incentive plan have been met. The relevant matters are hereby announced as follows:

I. Relevant Approval Procedures Completed

1. On July 11, 2024, the Company held the 8th meeting of the Third Board of Directors, which deliberated and approved the "Proposal on the Company's '2024 Stock Option Incentive Plan (Draft)' and its Summary," the "Proposal on the Company's '2024 Stock Option Incentive Plan Performance Assessment and Management Measures'," and the "Proposal to Authorize the Shareholders' Meeting to Grant the Board of Directors the Authority to Handle Matters Related to the 2024 Stock Option Incentive Plan." On the same day, the Company held the 6th meeting of the Third Supervisory Board, which deliberated and approved the "Proposal on the Company's '2024 Stock Option Incentive Plan (Draft)' and its Summary," the "Proposal on the Company's '2024 Stock Option Incentive Plan Performance Assessment and Management Measures'," and the "Proposal to Verify the Company's 'List of Incentive Recipients for the First Grant of the 2024 Stock Option Incentive Plan'." The Supervisory Board verified the relevant matters of this incentive plan. The legal opinion was issued by the law firm. The above information can be found in the relevant announcements disclosed by the Company on July 13, 2024, on the Juchao Information Network (http://www.cninfo.com.cn).

2. From July 15, 2024, to July 24, 2024, the Company publicly disclosed the names and positions of the initial grant incentive recipients internally. During the disclosure period, the Company's Supervisory Board did not receive any objections. On July 25, 2024, the Company disclosed the "Supervisory Board's Verification Opinion and Public Disclosure of the List of Incentive Recipients for the First Grant of the 2024 Stock Option Incentive Plan" and the "Self-Inspection Report on Insider Trading and Trading of Company Shares by Incentive Recipients of the 2024 Stock Option Incentive Plan" on the Juchao Information Network.