Announcement by Shenzhen Kangguan Technology Co., Ltd. Regarding the Completion of Cancellation of Certain Stock Options under the 2023 Stock Option Incentive Plan

MaticHoleFiller · 2026-03-21T02:20:39+00:00

Shenzhen Kanguan Technology Co., Ltd. announced that a portion of stock options under its 2023 Stock Option Incentive Plan were cancelled due to changes in the qualification status of incentive recipients and other reasons, totaling 3,888,656 options. The cancellation procedures were completed on March 19, 2026. The relevant process complies with regulations and has not affected the company's capital structure.

MaticHoleFiller

2026-03-21 02:20:39

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Securities Code: 001308 Stock Abbreviation: Kangguan Technology Announcement No.: 2026-014

Shenzhen Kangguan Technology Co., Ltd.

Announcement on the Completion of Partial Stock Option Cancellation for the 2023 Stock Option Incentive Plan

Our company and all members of the board of directors guarantee that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or major omissions.

Shenzhen Kangguan Technology Co., Ltd. (hereinafter referred to as “the Company”) held the sixth meeting of the third board of directors on March 13, 2026, which approved the “Proposal on Canceling Part of the Stock Options in the 2023 Stock Option Incentive Plan.” Due to 62 incentive targets leaving the company and losing eligibility, 632 incentive targets not exercising all their options before the second exercise period expired, and 1 incentive target passing away for other reasons, the company’s board of directors, authorized by the company’s first extraordinary general meeting of 2023, in accordance with the “Administrative Measures for Equity Incentives of Listed Companies” and the company’s “2023 Stock Option Incentive Plan (Draft)” and other relevant regulations, agreed to cancel a total of 3,888,656 stock options held by the above incentive targets. For details, please refer to the company’s announcement published on China Securities Journal (www.cninfo.com.cn) on March 17, 2026, titled “Announcement on the Cancellation of Part of the Stock Options in the 2023 Stock Option Incentive Plan.”

On March 19, 2026, after review and confirmation by the Shenzhen Branch of China Securities Depository and Clearing Corporation Limited, the cancellation of the 3,888,656 stock options that had been granted but not yet exercised has been completed. This cancellation complies with laws, administrative regulations, and relevant provisions of the company’s equity incentive plan, has followed necessary procedures, and will not affect the company’s share capital. The company’s share capital structure remains unchanged.

This announcement is hereby made.

Shenzhen Kangguan Technology Co., Ltd.

Board of Directors

March 20, 2026

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