CIG Shanghai (06166) recommends adopting A-share incentive plans and H-share incentive plans.

Cig Shanghai (06166) announced that the board of directors has proposed the adoption of the A-share incentive plan and H-share incentive plan at the board meeting held on March 30, 2026, to motivate eligible participants and incentive recipients for their contributions and attract suitable personnel for the further development of the group. The source of shares for the A-share incentive plan is the company's domestically listed RMB ordinary shares (A shares) issued to incentive recipients, excluding treasury stock. The source of shares for the H-share incentive plan is the company's issued ordinary H shares and treasury shares (if any). The total equity to be granted to incentive recipients under the A-share incentive plan is 15.5713 million shares, accounting for approximately 4.42% of the company's total shares of 352.650373 million shares as of the announcement date. Of these, the initially granted equity is 14.5713 million shares, accounting for approximately 4.13% of the company's total shares of 352.650373 million shares as of the announcement date, representing 93.58% of the total equity to be granted under the A-share incentive plan; 1.00 million shares are reserved, accounting for approximately 0.28% of the company's total shares of 352.650373 million shares as of the announcement date, representing 6.42% of the total equity to be granted under the A-share incentive plan. The A-share incentive plan involves a total of 1,064 incentive recipients, accounting for 78.58% of the total number of employees as of December 31, 2025. The number of stock options to be granted to incentive recipients under the A-share incentive plan is 13.8535 million shares, accounting for approximately 3.93% of the company's total shares of 352.650373 million shares as of the announcement date. Of these, the initially granted stock options are 12.8535 million shares, accounting for approximately 3.66% of the company's total shares of 352.650373 million shares as of the announcement date, representing 92.81% of the total stock options to be granted under the A-share incentive plan; 1.00 million shares are reserved, accounting for approximately 0.28% of the company's total shares of 352.650373 million shares as of the announcement date, representing 7.22% of the total stock options to be granted under the A-share incentive plan. The exercise price for the initial grant of stock options under the A-share incentive plan is RMB 113.99 per share. The number of restricted shares to be granted to incentive recipients under the A-share incentive plan is 1.7128 million shares, accounting for approximately 0.49% of the company's total shares of 352.650373 million shares as of the announcement date. This grant is a one-time grant with no reserved equity. The grant price for restricted shares is RMB 57.00 per share.