Shenma Electric announced that from July 14 to 23, 2026, the company announced the list of recipients of incentives granted for the second time in the 2025 Stock Options Incentive Plan reservation section in the company's OA system. The publicity period expired, and the Remuneration and Assessment Committee received no objections. After verification, the personnel included in this list have the relevant qualifications. The basic situation is true, they meet the conditions for incentive recipients, and there are no circumstances where they are prohibited from participating in equity incentives. They are legal and effective as recipients of this incentive.

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