Demax: Explanation of the review opinions and public disclosure of the list of incentive objects granted by the Restricted Stock Incentive Plan for 2026 by the Remuneration and Assessment Committee of the Board of Directors

Securities code: 301007 Securities abbreviation: Demax Announcement number: 2026-036

Dalian Demax Precision Technology Co., Ltd.

The Remuneration and Appraisal Committee of the Board of Directors regarding the 2026 Restricted Stock Incentive Plan

Review opinions and disclosure status of the list of incentive recipients

The Company and all members of the Remuneration and Appraisal Committee of the Board of Directors guarantee that the information disclosed is true, accurate and complete, and that there are no false records, misleading statements or major omissions.

Dalian Demax Precision Technology Co., Ltd. (hereinafter referred to as the "Company") held the 16th meeting of the fourth board of directors on August 31, 2026, and reviewed and approved the "Proposal on the Company's 2026 Restricted Stock Incentive Plan (Draft) and Summary>" (hereinafter referred to as the "Incentive Plan"). For details, please refer to the relevant announcement disclosed by the company on September 1, 2026 on the cninfo.com (http://www.cninfo.com.cn).

In accordance with the "Measures for the Administration of Equity Incentives for Listed Companies" (hereinafter referred to as the "Management Measures"), the "Shenzhen Stock Exchange GEM Listed Companies' Self-Regulatory Guide No. 1 - Business Handling" (hereinafter referred to as the "Self-Regulatory Guidelines") and other relevant laws, administrative regulations, normative documents and the "Articles of Association", the company has publicly announced the names and positions of the incentive objects of this incentive plan within the company. The Compensation and Assessment Committee of the company's Board of Directors has reviewed the incentive objects based on the publicity, and the relevant information is now announced as follows:

1. Public announcement

1. Announcement content: Names and positions of the persons to be incentivized by the company’s incentive plan

2. Publicity time: September 1, 2026 to September 10, 2026

3. Publicity method: Company official website

4. Publicity results: During the publicity period, no comments or objections were received from anyone, and there was no feedback record.

2. Review opinions of the Remuneration and Assessment Committee of the Board of Directors on the list of incentive targets

In accordance with the "Administrative Measures", "Self-Discipline Supervision Guide" and other relevant laws, administrative regulations, normative documents, as well as the "Articles of Association" and the provisions of this incentive plan, the Remuneration and Assessment Committee of the Company's Board of Directors reviewed the list of incentive objects determined in this incentive plan, and verified the list of persons to be incentivized, their identity documents, the labor (service) contract signed between the persons to be incentivized and the company, and other documents and materials. The Remuneration and Appraisal Committee of the Board of Directors issued the review opinions as follows:

1. The personnel included in the list of incentive targets of this incentive plan have the qualifications stipulated in the Company Law, Securities Law and other laws, administrative regulations, normative documents and the Articles of Association, meet the conditions for incentive targets stipulated in the "Administrative Measures" and other documents, and meet the scope of incentive targets stipulated in this incentive plan.

2. The incentive objects do not have any of the following situations:

(1) Determined as an unsuitable candidate by the stock exchange within the last 12 months;

(2) Has been deemed an inappropriate candidate by the China Securities Regulatory Commission and its dispatched agencies within the last 12 months;

(3) In the past 12 months, the company has been subject to administrative penalties or market ban measures by the China Securities Regulatory Commission and its dispatched agencies due to serious violations of laws and regulations;

(4) Those who are prohibited from serving as company directors or senior managers as stipulated in the Company Law; (5) Those who are prohibited from participating in equity incentives of listed companies according to laws and regulations;

(6) Other circumstances determined by the China Securities Regulatory Commission.

3. The incentive targets are all directors, senior managers, middle managers, core technology (business) backbones and other personnel who the board of directors deems need to be motivated and who are serving in the company (including its holding subsidiaries) when the company implements this incentive plan.

4. Incentive objects do not include the company’s independent directors and shareholders or actual controllers who individually or collectively hold more than 5% of the company’s shares, as well as their spouses, parents, and children.

In summary, the Remuneration and Assessment Committee of the company's board of directors believes that the personnel included in the company's "List of Incentive Objects of the 2026 Restricted Stock Incentive Plan" meet the conditions stipulated in relevant laws, administrative regulations and normative documents, and meet the conditions for incentive objects stipulated in this incentive plan. Their qualifications as the incentive objects of this incentive plan are legal and valid.

Announcement is hereby made.

Remuneration and Assessment Committee of the Board of Directors of Dalian Demax Precision Technology Co., Ltd.

September 11, 2026