Torch Technology: Adjusting the granting price and quantity of the restricted stock incentive plan for 2024.

In 2025, Chuxin Technology held a board of directors and supervisors meeting to review and approve adjustments to the 2024 restricted stock incentive plan. Due to the equity distribution in 2024, the grant price was adjusted from 14.00 yuan/share and 20.50 yuan/share to 11.49 yuan/share and 16.91 yuan/share, and the remaining attributable quantity was adjusted from 2,022,000 shares to 2,423,771 shares. This incentive plan has gone through multiple decision-making processes and disclosures before. The adjustment this time complies with relevant regulations, has been approved by the supervisors and lawyers, will not have a substantial impact on the company's finances and operations, and does not require approval from the shareholders' meeting.