Cig Shanghai (06166) granted 3,998,450,000 stock options for the first time.

Cig Shanghai (06166) announced that at the 32nd meeting of the fifth board of directors and the eighth meeting of the fifth remuneration committee on June 11, 2026, they reviewed and approved the proposal "Adjustment of the exercise price of stock options and restricted stock incentive plan for 2026, the list of incentive recipients, the number of grants, and the first grant of stock options to incentive recipients". They believe that the conditions for granting stock options under the A-share incentive plan have been met. They have decided to grant 3,998,450 shares of stock options to 1,056 eligible incentive recipients for the first time on June 11, 2026, with an exercise price of RMB 113.71 per share. According to the current development needs of the company, and in order to further implement the overall requirement of reducing costs and increasing efficiency, the company plans to adjust the granting of equity under the A-share incentive plan: the number of stock options granted will be adjusted from 13.8535 million shares to 4.998062 million shares, with the first grant of stock options adjusted from 12.8535 million shares to 3.998450 million shares (80.00% of the total equity to be granted under the A-share incentive plan), and the reserved grant of stock options adjusted from 1.00 million shares to 0.999612 million shares (20.00% of the total equity to be granted under the A-share incentive plan). Restricted stock will not be granted.