Shanghai Xizhi Technology Co., Ltd. (XIZHI TECH-P) plans to introduce parallel equity incentive programmes covering up to 10.00% of its issued H-share capital. Shareholders will vote on 14 September 2026 via an online extraordinary general meeting to approve:

• H Share Option Scheme: valid for 10 years from adoption, permitting grants of options over as many as 9.40 million H shares (10.00% of the current 94.04 million issued shares). Exercise price will be no lower than the higher of (i) the closing price on the grant date or (ii) the average closing price of the five preceding trading days. Options carry a minimum 12-month vesting period, with limited exceptions, and an overall individual cap of 1.00% of shares in issue in any rolling 12-month period.

• H Share Award Scheme: mirrors the 10-year term and 10.00% Scheme Mandate Limit. Awards may be settled with newly issued shares, treasury shares or market-purchased stock. Vesting spans at least 12 months unless specified exceptions apply. Awards may be linked to performance targets and are subject to clawback for misconduct or material mis-statements.

Both schemes cover directors, employees and eligible personnel of specified related entities. Grants to directors, senior managers or substantial shareholders require prior approval from independent non-executive directors and, in certain cases, shareholders.

The Board seeks authority to implement, amend and manage both schemes, appoint trustees/delegatees, and allot shares upon exercise or vesting. No immediate grants are planned; a listing application for any new shares arising from the schemes will be filed with the Hong Kong Stock Exchange.

Key meeting logistics: • EGM date & time: 14 September 2026, 3:00 p.m. (online via Vistra eVoting Portal). • Proxy forms: due by 3:00 p.m. on 13 September 2026. • Register closure: 9–14 September 2026; shareholders must lodge transfers by 4:30 p.m. on 8 September 2026 to qualify to vote.