Announcement on Granting Reserved Restricted Shares to Incentive Grantees

Securities Code: 301589

Securities Abbreviation: Nova Stellar

Announcement No.: 2026-035

Nova Stellar Technologies Co., Ltd.

Announcement on Granting Reserved Restricted Shares to Incentive Grantees

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.

Key Information Highlights:

● Grant Date for Reserved Restricted Shares: June 17, 2026

● Number of Reserved Restricted Shares Granted: 35,714,000 shares

● Grant Price for Reserved Restricted Shares: RMB 70.47 per share

● Number of Grantees for Reserved Restricted Shares: 9 people

● Incentive Method: Restricted Shares (Class II Restricted Shares)

In accordance with the conditions for the grant of reserved shares stipulated in the "Nova Stellar Technologies Co., Ltd. 2025 Restricted Stock Incentive Plan (Draft)" (hereinafter referred to as the "Incentive Plan (Draft)" or "this Incentive Plan"), the conditions have been met. Pursuant to the authorization of the second extraordinary general meeting of shareholders of Nova Stellar Technologies Co., Ltd. (hereinafter referred to as the "Company" or "this Company") in 2025, the fifth meeting of the Third Board of Directors' Remuneration and Assessment Committee and the sixteenth meeting of the Third Board of Directors were held on June 17, 2026. The "Proposal on Granting Reserved Restricted Shares to Incentive Grantees" was deliberated and approved. It was agreed that the Company would set June 17, 2026, as the grant date for the reserved shares and grant 35,714,000 Class II restricted shares to 9 incentive grantees who meet the conditions for receiving reserved grants, at a price of RMB 70.47 per share. The relevant matters are hereby announced as follows:

I. Brief Overview of the Incentive Plan and Related Approval Procedures

(I) Brief Overview of the Incentive Plan

1. Incentive Tool: Restricted Shares (Class II Restricted Shares).

2. Source of Shares: Ordinary A shares repurchased by the Company from the secondary market and/or ordinary A shares issued to incentive grantees on a targeted basis.

3. Grant Price (Before Adjustment): RMB 71.88 per share.

4. Incentive Grantees: The initial incentive grantees under this Incentive Plan include senior management personnel, middle and grassroots management personnel, and core technical (business) backbones employed by the Company (including its subsidiaries, hereinafter referred to as the same) at the time the Company announced this Incentive Plan.

The distribution of restricted shares granted under the Incentive Plan among the incentive grantees is as follows: