WenTai Technology Co., Ltd. Announcement on the Results of the Early Exercise of Convertible Bonds and Stock Option Incentive Plan for the First Quarter of 2026, and the Share Changes

Stock Code: 600745 Stock Short Name: Goertek Technology (Rights Protection) Announcement No.: Lin 2026-024

Bond Code for Convertible Bonds: 110081 Convertible Bond Short Name: Goertek Convertible Bonds

Goertek Technology Co., Ltd.

Announcement on the Results of Voluntary Exercise of Convertible Bond Conversion to Shares and the Stock Options Incentive Plan, and Share Movements, for the First Quarter of 2026

The board of directors and all directors of the Company hereby warrant that this announcement contains no false records, misleading statements, or material omissions, and they shall bear legal responsibility for the truthfulness, accuracy, and completeness of the content of this announcement.

Key Information:

● Convertible bond conversion to shares:

As of March 31, 2026, Goertek Technology Co., Ltd. (hereinafter referred to as the “Company”) had, in total, converted 3,245,000 yuan of the “Guerteк Convertible Bonds” into the Company’s shares. The total number of shares formed as a result of conversion was 43,938 shares, representing 0.0035% of the total number of shares of the Company issued prior to the conversion of the “Guerteк Convertible Bonds.” As of March 31, 2026, the amount of the “Guerteк Convertible Bonds” not yet converted was 8,596,719,000 yuan, representing 99.9618% of the total amount of convertible bonds issued. During the first quarter of 2026, the total number of shares formed as a result of conversion was 6,115 shares, representing 0.00049% of the total number of shares of the Company issued prior to the conversion of the “Guerteк Convertible Bonds.”

● Stock options voluntary exercise:

For the second exercisable period of the stock options in the initial grant under the 2023 Stock Options Incentive Plan of the Company, the number of stock options that may be exercised is 232,753 options. The exercise start and end dates are from September 26, 2025 to August 24, 2026 (excluding the exercise window period), and the exercise method is voluntary exercise. The option code is 1000000505. For the second exercisable period of the stock options in the reserved grant under the 2023 Stock Options Incentive Plan of the Company, the number of stock options that may be exercised is 20,595 options. The exercise start and end dates are from November 21, 2025 to October 24, 2026 (excluding the exercise window period), and the exercise method is voluntary exercise. The option code is 1000000563.

During the first quarter of 2026, the number of stock options under the initial grant exercised by incentive participants of the second exercisable period and completed with share transfer registration was 0 shares. The number of stock options under the reserved grant exercised by incentive participants of the second exercisable period and completed with share transfer registration was 600 shares, representing 2.91% of the total number of stock options that may be exercised in the second exercisable period of the reserved grant.

I. Information on conversion of convertible bonds

(I) Overview of the listing and issuance of convertible bonds

Approved by the China Securities Regulatory Commission’s reply on approving Goertek Technology Co., Ltd. to publicly issue convertible corporate bonds (“CSRC Approval [2021] No. 2338”), the Company publicly issued 86M convertible bonds on July 28, 2021, with each bond having a par value of 100 yuan, resulting in a total issuance amount of 86,000,000,000 yuan and an issuance term of 6 years. The coupon interest rate of the convertible bonds is 0.10% for the first year, 0.20% for the second year, 0.30% for the third year, 1.50% for the fourth year, 1.80% for the fifth year, and 2.00% for the sixth year.

Pursuant to the Shanghai Stock Exchange’s self-regulatory approval document (“SSE Self-Regulatory Decision [2021] No. 356”), with the Company’s 86,000,000,000 yuan convertible bonds listed for trading on the Shanghai Stock Exchange starting from August 20, 2021. The bond name is “Goertek Convertible Bonds,” and the bond code is “110081.” According to the relevant provisions and the terms of the Company’s “Convertible Corporate Bonds Offering Memorandum,” the “Goertek Convertible Bonds” issued in this round can be converted into the Company’s shares starting from February 7, 2022 (the originally scheduled conversion start date of February 3, 2022 was a statutory public holiday, and pursuant to the “Offering Memorandum,” it was postponed to the first trading day thereafter).

The initial conversion price of the “Goertek Convertible Bonds” was 96.67 yuan per share. Due to the implementation of the voluntary exercise of stock options under the Company’s equity incentive plan and the cancellation of share repurchase and registration, starting from January 19, 2022, the conversion price of the “Goertek Convertible Bonds” was adjusted from 96.67 yuan per share to 96.69 yuan per share. Due to the implementation of the Company’s 2021 equity distribution, starting from August 25, 2022, the conversion price of the “Goertek Convertible Bonds” was adjusted from 96.69 yuan per share to 96.49 yuan per share. Due to the implementation of the voluntary exercise of stock options under the Company and the cancellation of share repurchase and registration, starting from February 17, 2023, the conversion price of the “Goertek Convertible Bonds” was adjusted from 96.49 yuan per share to 96.61 yuan per share. Due to the implementation of the Company’s 2023 equity distribution, starting from August 5, 2024, the conversion price of the “Goertek Convertible Bonds” was adjusted from 96.61 yuan per share to 96.49 yuan per share. Due to the downward adjustment of the conversion price, starting from November 12, 2024, the conversion price of the “Goertek Convertible Bonds” was adjusted to 43.60 yuan per share. For details, please refer to the relevant announcements disclosed by the Company on January 19, 2022, August 19, 2022, February 16, 2023, July 30, 2024, and November 9, 2024 (Announcement Nos.: Lin 2022-009, Lin 2022-070, Lin 2023-010, Lin 2024-074, and Lin 2024-122).

(II) Conversion of convertible bonds this time

During the period from January 1, 2026 to March 31, 2026, the “Goertek Convertible Bonds” had a conversion amount of 267,000 yuan, and the number of shares formed as a result of conversion was 6,115 shares, representing 0.00049% of the total number of shares of the Company issued prior to the conversion of the “Goertek Convertible Bonds.” As of March 31, 2026, in total, 3,245,000 yuan of the “Goertek Convertible Bonds” had been converted into the Company’s shares, and the total number of shares formed as a result of conversion was 43,938 shares, representing 0.0035% of the total number of shares of the Company issued prior to the conversion of the “Goertek Convertible Bonds.” The amount of the “Goertek Convertible Bonds” not yet converted was 8,596,719,000 yuan, representing 99.9618% of the total amount of convertible bonds issued.

II. Information on voluntary exercise of stock options

(I) Decision-making procedure for this exercise of stock options

On August 6, 2023, the Company held the 22nd meeting of the eleventh session of the board of directors, at which it considered and approved the proposals including “Proposal on the Draft of the 2023 Stock Options Incentive Plan of Goertek Technology Co., Ltd. (and its Summary)” and “Proposal on the Measures for Implementing and Assessing the 2023 Stock Options Incentive Plan of Goertek Technology Co., Ltd.” and “Proposal on Requesting the Shareholders’ Meeting to Authorize the Board of Directors to Fully Handle Matters Related to This Incentive Plan,” etc. The Company’s independent directors issued independent opinions on the relevant proposals for this incentive plan. On the same day, the Company held the 16th meeting of the eleventh session of the board of supervisors, at which it considered and approved proposals including “Proposal on the Draft of the 2023 Stock Options Incentive Plan of Goertek Technology Co., Ltd. (and its Summary)” and “Proposal on the Measures for Implementing and Assessing the 2023 Stock Options Incentive Plan of Goertek Technology Co., Ltd.,” etc. The board of supervisors verified the relevant matters of this incentive plan and issued corresponding verification opinions.

On August 22, 2023, the Company held its first extraordinary general meeting of shareholders in 2023, at which it considered and approved the proposals including “Proposal on the Draft of the 2023 Stock Options Incentive Plan of Goertek Technology Co., Ltd. (and its Summary),” “Proposal on the Measures for Implementing and Assessing the 2023 Stock Options Incentive Plan of Goertek Technology Co., Ltd.,” and “Proposal on Requesting the Shareholders’ Meeting to Authorize the Board of Directors to Fully Handle Matters Related to This Incentive Plan.”

On August 28, 2024, the Company held the 43rd meeting of the eleventh session of the board of directors and the 29th meeting of the eleventh session of the board of supervisors, at which it respectively considered and approved “Proposal on the Achievement of Exercisable Conditions for the First Exercisable Period of Stock Options Granted in the Initial Grant under the 2023 Stock Options Incentive Plan” and “Proposal on Canceling Some Stock Options Granted in the Initial Grant under the 2023 Stock Options Incentive Plan.”

On October 25, 2024, the Company held the 48th meeting of the eleventh session of the board of directors and the 31st meeting of the eleventh session of the board of supervisors, at which it respectively considered and approved “Proposal on the Achievement of Exercisable Conditions for the First Exercisable Period of Stock Options Granted in the Reserved Grant under the 2023 Stock Options Incentive Plan” and “Proposal on Canceling Some Stock Options Granted in the Reserved Grant under the 2023 Stock Options Incentive Plan.”

On September 4, 2025, the Company held the 19th meeting of the twelfth session of the board of directors, at which it considered and approved “Proposal on the Achievement of Exercisable Conditions for the Second Exercisable Period of Stock Options Granted in the Initial Grant under the 2023 Stock Options Incentive Plan” and “Proposal on Canceling Some Stock Options Granted in the Initial Grant under the 2023 Stock Options Incentive Plan.”

On October 24, 2025, the Company held the 21st meeting of the twelfth session of the board of directors, at which it considered and approved “Proposal on the Achievement of Exercisable Conditions for the Second Exercisable Period of Stock Options Granted in the Reserved Grant under the 2023 Stock Options Incentive Plan” and “Proposal on Canceling Some Stock Options Granted in the Reserved Grant under the 2023 Stock Options Incentive Plan.”

(II) Basic information on the exercise of this equity incentive plan

1. Exercise details of incentive participants

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Note: Due to the voluntary exercise method, the shares obtained through exercise must be listed for trading on the second trading day after the exercise date (T+2). The above exercise data are based on the data registered with the Shanghai Branch of China Securities Depository and Clearing Co., Ltd. as of March 31, 2026.

2. Number of participants

For the second exercisable period, the number of participants eligible for exercise in the initial grant under the 2023 Stock Options Incentive Plan was 24 people, and 0 people participated in the exercise during the first quarter of 2026.

For the second exercisable period, the number of participants eligible for exercise in the reserved grant under the 2023 Stock Options Incentive Plan was 12 people, and 1 person participated in the exercise during the first quarter of 2026.

III. Situations of changes in the Company’s share capital resulting from the exercise of convertible bonds and the voluntary exercise of stock options

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After these share changes, the controlling shareholder has not changed.

IV. Other

Contact: Office of the Board of Directors

Consultation hotline: 0755-88250686

Notice is hereby given.

Board of Directors of Goertek Technology Co., Ltd.

April 2, 2026

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