2026 Plan for Issuance of Shares to Specific Objects

Company Statement

1. The Company and the Board of Directors guarantee that the contents of this plan are true, accurate, and complete, and that there are no false records, misleading statements, or material omissions.

2. This plan is prepared in accordance with the "Company Law of the People's Republic of China," the "Securities Law of the People's Republic of China," the "Administrative Measures for the Registration of Securities Issuances by Listed Companies," and other relevant laws, regulations, and normative documents.

3. This plan is the Board of Directors' explanation regarding the issuance of shares to specific objects. Any contrary statement is a false statement.

4. After the completion of this issuance of shares to specific objects, the Company shall be responsible for any changes in its operations and income. Investors shall be responsible for any investment risks arising from this issuance of shares to specific objects.

5. Investors with any questions should consult their stockbroker, lawyer, professional accountant, or other professional advisor.

6. The matters described in this plan do not represent the substantive judgment, confirmation, approval, or approval of the matters related to this issuance of shares to specific objects by the approval authorities. The effectiveness and completion of the matters related to this issuance of shares to specific objects are subject to approval by the Company's shareholders' meeting, review by the Shenzhen Stock Exchange, and registration approval by the China Securities Regulatory Commission before implementation.

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Special Notice

The terms and abbreviations used in this section have the same meanings as defined in the "Definitions" section of this plan.

I. Situation of Issuance of Shares to Specific Objects

(I) The plan for issuing shares to specific objects has been approved by the nineteenth meeting of the fourth Board of Directors. It is subject to approval by the Company's shareholders' meeting, review by the Shenzhen Stock Exchange, and registration approval by the China Securities Regulatory Commission before implementation. The final issuance plan shall be subject to the plan approved for registration by the China Securities Regulatory Commission.

(II) The recipients of the shares issued to specific objects shall not exceed 35 specific investors, including qualified domestic institutional investors (QDIIs) and RMB qualified domestic institutional investors (RQDIIs) as defined by the China Securities Regulatory Commission, such as fund management companies, securities companies, wealth management companies, insurance companies, trust companies, financial companies, qualified foreign institutional investors, and RMB qualified domestic institutional investors, as well as other legal persons, natural persons, or other qualified investors as defined by the China Securities Regulatory Commission. Fund management companies, securities companies, wealth management companies, insurance companies, qualified foreign institutional investors, and RMB qualified domestic institutional investors that subscribe with two or more products they manage will be considered as one specific investor. Trust investment companies subscribing as specific investors can only use their own funds.

The final specific investors will be determined by the Company's Board of Directors in consultation with the sponsor (lead underwriter) based on the subscription prices of the investors, in accordance with the principle of price priority, after the issuance application is reviewed by the Shenzhen Stock Exchange and registered with the China Securities Regulatory Commission. If there are new regulations from national laws, regulations, or other normative documents regarding the issuance targets for private placements, the Company will adjust accordingly. All issuance targets will subscribe to the Company's shares in this issuance in cash in RMB at the same price.