Xingchen Technology plans to grant 927,200 restricted shares to 207 individuals.

On September 22, 2025, the Compensation and Assessment Committee of Xingchen Technology Co., Ltd. approved the proposal to grant restricted stock as part of the 2025 Restricted Stock Incentive Plan to 207 eligible core technical personnel. The committee verified that these individuals met the qualifications to receive the incentive and that there were no restrictions on them becoming incentive recipients. The Board of Directors determined the compliance of the granting date and that the conditions for granting had been met. The Compensation and Assessment Committee agreed to grant a total of 927,200 restricted stocks to the incentive recipients on September 22 at a price of 33.25 yuan per share.