Ningbo University of Technology Environmental Energy Technology Co., Ltd. Announcement on the Completion of Partial Stock Option Cancellations and the Implementation of the 2024 Stock Option Incentive Plan

MaticHoleFiller

2026-04-08 01:30:19

Stock code: 002322 Stock abbreviation: Liyuankeji Announcement No.: 2026-026

Ningbo Liyuanke Environmental Energy Technology Co., Ltd.

Announcement on the Completion of the Cancellation of Certain Stock Options Under the 2024 Stock Option Incentive Plan

and the Completion of the Implementation of the 2024 Stock Option Incentive Plan

All of the Company and all members of the board of directors hereby guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or material omissions.

Ningbo Liyuanke Environmental Energy Technology Co., Ltd. (hereinafter referred to as the “Company”) convened the first meeting of the Seventh Session of the Board of Directors’ Remuneration and Compensation Committee, the second meeting of the Seventh Session of the Board of Directors’ Audit Committee, and the second meeting of the Seventh Session of the Board of Directors on March 27, 2026, which considered and approved the “Proposal on the Non-satisfaction of the Exercisability Conditions for the Second Exercising Period and the Cancellation of Certain Stock Options Under the 2024 Stock Option Incentive Plan.” In accordance with the relevant provisions of the “Ningbo Liyuanke Environmental Energy Technology Co., Ltd. 2024 Stock Option Incentive Plan (Draft)” and the “Ningbo Liyuanke Environmental Energy Technology Co., Ltd. 2024 Stock Option Incentive Plan Implementation and Performance Assessment Measures,” given that the stock option exercisability conditions for the second exercising period under the stock options granted under the Company’s 2024 Stock Option Incentive Plan have not been met, the board of directors intends to cancel certain stock options. The specific details and legal opinion are set out in the Company’s announcements disclosed on March 31, 2026 on the Cninfo website (www.cninfo.com.cn): the “Announcement on the Non-satisfaction of the Exercisability Conditions for the Second Exercising Period and the Cancellation of Certain Stock Options Under the 2024 Stock Option Incentive Plan” (Announcement No.: 2026-021), and the “Legal Opinion of Global Law Office (Hangzhou) on the Non-satisfaction of the Exercisability Conditions for the Second Exercising Period and the Cancellation of Certain Stock Options Under the 2024 Stock Option Incentive Plan of Ningbo Liyuanke Environmental Energy Technology Co., Ltd.”

The number of stock options to be cancelled in this round is 8.0062 million options, involving 87 participants. The Company has submitted an application for the cancellation of the above-mentioned stock options to the China Securities Depository and Clearing Co., Ltd. Shenzhen Branch. As of the date of disclosure of this announcement, after review and confirmation by the China Securities Depository and Clearing Co., Ltd. Shenzhen Branch, the Company has completed the cancellation of the above-mentioned 8.0062 million stock options. After completion of the cancellation, the incentive recipients will no longer hold any stock options under this incentive plan, and the implementation of the Company’s 2024 stock option incentive plan is completed.

The cancellation of the stock options in this round complies with the “Administrative Measures for Equity Incentive Plans of Listed Companies” and the relevant provisions of the “Ningbo Liyuanke Environmental Energy Technology Co., Ltd. 2024 Stock Option Incentive Plan (Draft),” etc. After this cancellation, it will not affect the Company’s share capital. There is no situation where the Company and other shareholders, especially the interests of minority shareholders, would be harmed.

This is hereby announced.

Ningbo Liyuanke Environmental Energy Technology Co., Ltd.

Board of Directors

April 4, 2026

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