[Temporary Announcement] Tian Yicheng: Announcement on the achievements of lifting the restrictions on the restricted stocks in the second lifting period of the 2023 Equity Incentive Plan Restricted Stocks
Announcement number: 2026-075
Securities code: 871858 Securities abbreviation: Tianyicheng Sponsoring broker: Caitong Securities
Hangzhou Tianyicheng New Energy Technology Co., Ltd.
Regarding the second unlocking period for restricted stocks under the equity incentive plan in 2023
Announcement of Achievements for Lifting Sales Restrictions
The company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete, and that there are no false records, misleading statements or major omissions, and bear individual and joint legal liability for the authenticity, accuracy and completeness of the contents.
1. Review and voting status
On September 15, 2026, the company held the third meeting of the fourth board of directors, and reviewed and approved the "Proposal on the Achievement of Lifting the Restriction Conditions for the Second Unlocking Period of Restricted Stocks in the 2023 Equity Incentive Plan". The company's audit committee issued a verification opinion on the achievement of lifting the restrictions on the restricted stocks in the second lifting period of the equity incentive plan, and the independent directors issued independent opinions in agreement with this. The proposal still needs to be submitted to the fifth extraordinary shareholders' meeting in 2026 for review.
2. Grant and release of restricted stocks in this period
(1) Grant of restricted stocks
On September 28, 2023, the company held the fifth meeting of the third board of directors, which reviewed and approved the "Proposal on the Equity Incentive Plan (Draft)", "Proposal on Identifying the Company's Core Employees", "Proposal on the List of Incentive Objects", "Proposal on Signing the "Equity Incentive Restricted Stock Grant Agreement" with the Incentive Objects", "Proposal on Amending the "Articles of Association"", "Proposal on Requesting the General Meeting of Shareholders to Authorize the Board of Directors to Handle Equity Incentive-related Matters", "On Convening 2023 Proposal of the Seventh Extraordinary General Meeting of Shareholders in 2018" and other proposals. For specific content, please refer to the "Announcement on the Resolution of the Fifth Meeting of the Third Board of Directors" (announcement number: 2023-083) disclosed by the company on the National Small and Medium Enterprises Share Transfer System Information Disclosure Platform (www.neeq.com.cn).
On September 28, 2023, the company held the third meeting of the third board of supervisors, and reviewed and approved the "Proposal on Equity Incentive Plan (Draft)", "Proposal on Identifying the Company's Core Employees", "On Incentives for
Announcement number: 2026-075
"Proposal on the List of Elephants", "Proposal on Signing the "Equity Incentive Restricted Stock Grant Agreement" with the Incentive Objects", "Proposal on Amending the "Articles of Association"" and other proposals. For details, please refer to the "Announcement on Resolutions of the Third Meeting of the Third Board of Supervisors" (announcement number: 2023-084) disclosed by the company on the National Small and Medium-sized Enterprises Share Transfer System Information Disclosure Platform (www.neeq.com.cn).
From September 28, 2023 to October 8, 2023, the company publicized and solicited opinions from all employees on the proposed core employees, and publicized the list of equity incentive targets and the status of the restricted stocks granted to all employees of the company. At the expiration of the publicity period, all employees have no objections to the identification of core employees and the list of incentive objects. For details, please refer to the "Announcement on Disclosure and Solicitation of Opinions on Proposed Core Employees" (Announcement No.: 2023-088) and the "Announcement on the List of Equity Incentive Objects in 2023" (Announcement No.: 2023-086) disclosed by the company on the National Small and Medium-sized Enterprise Share Transfer System Information Disclosure Platform (www.neeq.com.cn).
On October 9, 2023, the company's Board of Supervisors issued verification opinions on matters related to this equity incentive. For details, please refer to the "Verification Opinions of the Board of Supervisors on Matters Related to the Company's Equity Incentives in 2023" disclosed by the company on the National Small and Medium-sized Enterprise Share Transfer System Information Disclosure Platform (www.neeq.com.cn) (Announcement Number: 2023-090).
On October 23, 2023, in view of the company's plan to revise and adjust the relevant contents of the equity incentive plan, the company canceled the seventh extraordinary general meeting of shareholders in 2023 scheduled to be held on October 20, 2023. For details, please refer to the "Informative Announcement on the Cancellation of the Seventh Extraordinary General Meeting of Shareholders" (announcement number: 2023-096) disclosed by the company on the National Small and Medium-sized Enterprise Share Transfer System Information Disclosure Platform (www.neeq.com.cn).
On October 27, 2023, in accordance with the feedback requirements of the National Equities Exchange and Quotations Co., Ltd. on this equity incentive plan (draft), the company held the sixth meeting of the third board of directors to review the "Proposal on the Equity Incentive Plan (Draft) (Second Revision)" and revised some of the content of this equity incentive plan. For details, please refer to the company's announcement on October 31, 2023. The "2023 Equity Incentive Plan (Draft) (Second Revision)" (Announcement Number: 2023-099) was disclosed on the National Small and Medium-sized Enterprises Share Transfer System Information Disclosure Platform (www.neeq.com.cn). At the same time, the sixth meeting of the company's third board of directors reviewed and approved the "Proposal on Reconvening the Seventh Extraordinary General Meeting of Shareholders in 2023". On the same day, the company held the fourth meeting of the third board of supervisors to review and approve the "Proposal on the Equity Incentive Plan (Draft) (Second Revision)", agreed to the revised content of this equity incentive and submitted it to the company's seventh extraordinary general meeting of shareholders for review. On the same day, the company’s Board of Supervisors issued verification opinions on the revised draft of this equity incentive plan. See details
Announcement number: 2026-075
The company disclosed the "Announcement on Resolutions of the Sixth Meeting of the Third Board of Directors" (Announcement Number: 2023-097), "Announcement on Resolutions of the Fourth Meeting of the Third Board of Supervisors" (Announcement Number: 2023-098) and "Verification Opinions of the Board of Supervisors on the 2023 Equity Incentive Plan (Draft) (Second Revision)" (Announcement Number: 2023-104) disclosed by the company on the National Small and Medium Enterprises Share Transfer System Information Disclosure Platform (www.neeq.com.cn).
On November 9, 2023, Caitong Securities, the company's sponsoring brokerage, issued the "Legitimate and Compliance Opinions of Caitong Securities Co., Ltd. on the 2023 Equity Incentive Plan (Draft) (Second Revision) of Hangzhou Tianyicheng New Energy Technology Co., Ltd." and disclosed the opinion on the National Small and Medium-sized Enterprise Share Transfer System Information Disclosure Platform (www.neeq.com.cn). The company's incentive plan is legal and compliant.
November 15, 2023 On the same day, the company held its seventh extraordinary general meeting of shareholders in 2023, and reviewed and approved the "Proposal on the Equity Incentive Plan (Draft) (Second Revised Draft)", "Proposal on the Identification of the Company's Core Employees", "Proposal on the List of Incentive Objects (Revised Draft)", "On Signing with the Incentive Objects" The company's equity incentive matters were approved by the shareholders' meeting. For details, please refer to the "Announcement on Resolutions of the Seventh Extraordinary General Meeting of Shareholders in 2023" (announcement number: 2023-106) disclosed by the company on the National Small and Medium-sized Enterprises Share Transfer System Information Disclosure Platform (www.neeq.com.cn) on November 15, 2023.
Award date: November 15, 2023
Grant price: 4.80 yuan/share
Actual number of people awarded: 10 people
Actual number of restricted shares granted: 1,255,000 shares
Awarded to: Directors, senior managers and core employees, excluding company supervisors
Registration date: December 14, 2023
The company has completed the grant registration and disclosed the "Equity Incentive Plan Restricted Stock Grant Result Announcement" on the National Small and Medium-sized Enterprise Share Transfer System Information Disclosure Platform (www.neeq.com.cn) on December 15, 2023.
(2) Previous releases and adjustments of restricted stocks
This lifting of sales restrictions is the achievement of lifting the sales restrictions during the second lifting period of the company’s 2023 restricted stock incentive plan. From the date of completion of registration of restricted stocks to the date of this opinion, this equity incentive plan
Announcement number: 2026-075
The restricted shares granted under the incentive plan involve one repurchase and cancellation of restricted shares and one unlocking of restricted shares. The details are as follows:
On June 19, 2025, the company held the 18th meeting of the third board of directors, and all directors reviewed and approved the "Proposal on the Achievement of Lifting the Restriction Conditions for the First Restriction Period of the Restricted Stocks of the Equity Incentive Plan in 2023" and "On the Repurchase and Cancellation of the 2023 Restricted Stocks". Relevant proposals such as the Proposal on Reducing the Registered Capital and Amending the Articles of Association and Handling Industrial and Commercial Change Registrations for the Partial Restricted Stocks that have been Granted to the Incentive Targets of the Annual Equity Incentive Plan but have not yet been released, the Proposal on Requesting the General Meeting of Shareholders to Authorize the Board of Directors to Fully Handle Matters Related to the Repurchase and Cancellation of Shares, and other relevant proposals were publicly disclosed; among them, the independent directors expressed their independent opinions on the Proposal on the Company’s Directed Share Repurchase Plan and disclosed it publicly. On the same day, the company held the 10th meeting of the third board of supervisors. All supervisors reviewed and approved the "Proposal on the Achievements in Lifting the Restriction Conditions for the First Restriction Period of the Restricted Stocks of the 2023 Equity Incentive Plan" and the "Proposal on the Repurchase and Cancellation of Restricted Stocks that have been granted but have not yet been released from the incentive targets of the 2023 Equity Incentive Plan" and issued review opinions. The above announcements were disclosed on the same day. On July 4, 2025, the company held the second extraordinary shareholders' meeting in 2025 and reviewed and approved the above proposals.
According to the incentive plan, the first unlocking period for the restricted stocks granted to the incentive objects starts from the first trading day 12 months after the date of initial grant of the restricted stocks and ends on the last trading day within 24 months from the date of first grant. The registration date for the first grant of restricted stocks is December 14, 2023, and it is 12 months from the date when the restricted stocks are registered in the name of the incentive objects. The company's 2024 audited consolidated statement operating income accounted for 79.46% of the company's performance assessment indicators in the first unlocking period, and the unlocking conditions for the restricted stocks granted to 10 incentive objects have been met. The company has completed the unlocking procedures for the incentive objects that meet the unlocking conditions. This time, a total of 199,444 restricted shares for 10 incentive targets were unlocked and can be traded on August 13, 2025.
At the same time, the company repurchased the 20.54% of the above-mentioned restricted stocks that did not meet the performance assessment indicators. Since the equity distribution in 2024 is 2.00 yuan per 10 shares, the repurchase price was adjusted to 4.60 yuan/share, and the repurchase funds were the company's own funds. The company repurchased 51,556 shares through a special securities account for share repurchase, and completed the repurchase and cancellation procedures for the above 51,556 shares at the China Securities Depository and Clearing Co., Ltd. Beijing Branch on August 7, 2025.
Announcement number: 2026-075
3. Achievements in lifting sales restrictions
(1) Explanation of achievements in lifting sales restrictions
- The lock-up period of the equity incentive plan, the time to lift the lock-up and the corresponding proportion of the lock-up that can be lifted
According to Chapter 6 of the company's "Incentive Plan", "Validity Period of the Incentive Plan, Grant Date, Lock-up Period and Restriction Release Arrangements for Restricted Stocks", "III. Restriction Period of the Incentive Plan", the relevant provisions are as follows:
"The restricted sales period of the restricted stocks granted under the incentive plan is 12 months, 24 months, 36 months, 48 months, and 60 months starting from the date of completion of the registration of the restricted stock grant. The interval between the grant of the rights to the incentive objects and the first exercise of the rights shall not be less than 12 months, and the time limit for exercising the rights in each period shall not be less than 12 months. "According to Chapter 6 of the company's "Incentive Plan" "Validity Period of the Incentive Plan, Grant Date, Lock-up Period and Restriction Release Arrangements for Restricted Stocks", the relevant provisions are as follows:
“The unlocking arrangement for the granted restricted stocks is as shown in the following table:
Release of sales restrictions Proportional arrangement for release of sales restrictions Period of release of sales restrictions
(%) The first trading day after the sales restriction is lifted 12 months from the first grant date 20%
Period starts from the last one within 24 months from the first grant date
Ending on the trading day
The second sale is lifted from the first trading day 24 months after the first grant date 20%
Period starts from the last period within 36 months from the first grant date
Ending on the trading day
The third sale restriction is lifted on the first trading day 36 months after the first grant date 20%
The last payment within 48 months from the first grant date of period
Ending on the same day
Fourth unlocking period: the first trading day 48 months after the first grant date 20%
The last payment within 60 months from the first grant date of period
Ending on the same day
The fifth lifting of sales restrictions: the first trading day 60 months after the first grant date 20%
The last payment within 72 months from the first grant date of period
Ending on the same day
Total - 100%
Announcement number: 2026-075
During the unlocking period, the company handles unlocking matters for incentive objects that meet the unlocking conditions, and the restricted stocks held by incentive objects that do not meet the unlocking conditions will be repurchased and canceled by the company.
- Conditions for unlocking restricted stocks during the second unlocking period
According to the relevant provisions of "Chapter 8 Conditions for Granting Benefits and Exercising Rights to Incentive Objects" of the company's "Incentive Plan":
(1) The company has not experienced any of the following negative situations:
Serial Number Negative Situations of Listed Companies
The listed company's financial accounting report for the most recent fiscal year has been issued a negative opinion or an audit report in which a certified public accountant is unable to express an opinion.
The listed company has assumed criminal liability for securities and futures crimes or been administratively punished by the China Securities Regulatory Commission and its dispatched agencies for major violations of laws and regulations in the past 12 months.
The listed company is being investigated by judicial authorities for suspected securities and futures crimes or is being investigated by the China Securities Regulatory Commission and its dispatched agencies for suspected violations of laws and regulations.
4 Situations in which equity incentives are not allowed to be implemented under laws and regulations
- Other circumstances determined by the China Securities Regulatory Commission or the Equity Transfer Company that prohibit the implementation of equity incentives
(2) The incentive targets have not experienced any of the following negative situations:
Serial number: Negative situation of incentive object
1 The incentive recipients shall bear personal responsibility for the above-mentioned situations in the listed company.
2 The incentive recipients have been banned from the market by the China Securities Regulatory Commission and local agencies and during the ban period 3 The incentive recipients are prohibited from serving as directors or senior executives as stipulated in the Company Law
4 The incentive recipients have been given administrative penalties by the China Securities Regulatory Commission and its dispatched agencies within the last 12 months. The incentive recipients have been deemed unsuitable candidates by the China Securities Regulatory Commission, its dispatched offices and the National Equities Exchange and Quotations in the past 12 months.
6 Situations in which laws and regulations stipulate that you are not allowed to participate in the company’s equity incentives
7 Other circumstances determined by the China Securities Regulatory Commission or the Equity Transfer Company that prohibit the implementation of equity incentives
(3) Company performance indicators
The exercise assessment year for the stock options granted under this incentive plan is the five fiscal years from 2024 to 2028, which are divided into five assessment periods. Each fiscal year is assessed once, and achieving the performance assessment target is one of the conditions for the release of sales restrictions for the incentive objects in that year. The company calculates the actual proportion of operating income in each assessment year to the target value set for that year.
Announcement number: 2026-075
The higher value of the completion ratio (A) or the actual completion ratio (B) of net profit to the target value set for the year is used to determine the company-level unlocking ratio (X) of all incentive objects in each year. When A≥100% or B≥100%, X=100%; when A<50% and B<50%, X=0%; in other cases, X=the higher value of A or B. If the company fails to meet the above performance assessment indicators, the restricted stocks that should be released from sale in the corresponding assessment year for all incentive targets will be repurchased and canceled by the company. The 2025 performance assessment target values of this incentive plan are as shown in the following table: Serial number Performance indicators of listed companies
1 In 2025, the operating income will be no less than 357.201 million yuan, or the net profit will be no less than
53.5802 million yuan
Note 1: The company's performance indicators are applicable to all incentive targets of this incentive plan.
Note 2: The operating income and net profit in the aforementioned company performance indicators refer to the consolidated statement data disclosed in the audited annual report. The net profit is the net profit attributable to the company's shareholders after excluding the impact of share payment expenses of this equity incentive plan.
Note 3: The above performance indicators do not constitute the company’s performance forecast and substantial commitment to investors.
According to the company's disclosed 2025 annual report, the company's audited consolidated operating income in 2025 was 239,352,053.91 yuan, and the net profit attributable to the company's shareholders was 50,197,649.09 yuan. After excluding the impact of the share payment expenses of this equity incentive plan, the net profit attributable to the company's shareholders was 52,347,385.74 yuan. In 2025, the actual completion ratio of operating income (A) is 67.01%, and the actual completion ratio of net profit (B) is 97.70%. Therefore, based on a ratio of 97.70%, 245,227 restricted shares should be released from sale restrictions.
(4) Personal performance indicators
Serial number Individual performance indicators of incentive targets
- Incentive recipients must continue to be employed during the validity period.
2 The incentive objects do not violate the company's management system and cause economic losses to the company, or cause harm to the company.
A situation in which a person has a serious negative impact and is punished by the company.
- The incentive recipients have not resigned on their own initiative, or have been terminated from their labor contracts by the company due to personal reasons. 4 The company's performance indicators correspond to the assessment year, and the individual performance assessment of the incentive targets is "qualified" and above. The proportion of qualified sales restrictions is 100%, and the proportion of unqualified sales restrictions is 0%.
The 2025 personal performance appraisal results of the 10 incentive targets awarded by the company this time are all "qualified" and above.
Announcement number: 2026-075
- Expiration of the second restricted period of the equity incentive plan and the achievement of lifting the restricted conditions
According to the company's equity incentive plan, the second unlocking period for the restricted stocks granted to the incentive objects shall be from the first trading day 24 months after the date of initial grant of the restricted stocks to the last trading day within 36 months from the date of first grant. The registration date for the first granted restricted stocks is December 14, 2023. As of the date of issuance of this legal compliance opinion, the restricted stocks will expire from the date they are registered in the name of the incentive objects. 24 months, the timetable for the second lifting of sales restrictions complies with the provisions of the equity incentive plan.
No. Conditions for lifting sales restrictions Achievements 1 The company has not experienced the following negative situations: 1. The company has not had any negative situations in the recent fiscal year in which the company's financial accounting report was not allowed to be lifted.
The teacher issues a negative opinion or is unable to express an opinion
Audit report; 2. Listed company within the last 12 months
Bearing criminal liability for securities and futures crimes or serious
Serious violations of laws and regulations have been punished by the China Securities Regulatory Commission and its agencies
Administrative penalties will be imposed on the company; 3. The listed company is suspected of
Securities and futures crimes are being investigated by judicial authorities
or is suspected of violating laws and regulations and is being investigated by the China Securities Regulatory Commission and its
The dispatched agency files a case for investigation; 4. Laws and regulations
Equity incentives are not allowed; 5. China Securities
Equity shall not be implemented if deemed by the supervisory board or the stock transfer company
Other situations of motivation.
- The following negative circumstances have not occurred to the incentive objects: 1. The incentive objects have not had any negative circumstances that shall not allow the incentive objects to be exempted from the above-mentioned circumstances and the listed company is responsible for the sales restriction. Personal responsibility; 2. Incentive objects have been banned by the China Securities Regulatory Commission
and dispatched agencies to take market entry ban measures and in the ban
Entry period; 3. The incentive object exists in the Company Law
Not allowed to serve as a director or senior executive under specified circumstances; 4.
The incentive objects have been banned by the China Securities Regulatory Commission within the last 12 months.
Administrative penalties will be imposed by the committee and dispatched agencies; 5. Incentives
Announcement number: 2026-075
The subject has been banned by the China Securities Regulatory Commission and
Its dispatched office and the National Equities Exchange and Quotations Company have determined that the
Appropriate candidates; 6. Laws and regulations, Chinese certificates
The supervisory board or the National Equities Exchange and Quotations determines that the
Other situations that are the object of equity incentives.
3 The company needs to meet one of the following two conditions: 1. According to the company’s disclosed annual report, the company’s operating income in 2025 is less than 357.201 million yuan; 2. The audited net profit attributable to shareholders of the listed company in 2025 is less than 357.201 million yuan; 2. The net profit attributable to shareholders of the listed company is 239,352,053.91 yuan, and the net profit is not less than 357.201 million yuan. 53.5802 million yuan. The company determines all incentive objects for each year based on the net profit of each shareholder whose profit is RMB 50,197,649.09. The operating income in the assessment year accounts for the actual completion ratio of the target set for the year, excluding the actual completion ratio of the share value of this equity incentive plan (A) or the net profit attributable to the actual completion ratio of the target value set for the year after accounting for the impact of payment expenses (B). 52,347,385.74 yuan. The corresponding proportion of sales restrictions lifted at the company level in 2025 (X). Degree, when the actual completion proportion of operating income is A≥100% or B≥100%, X=100%; (A) is 67.01%, when the actual net profit is A<50% and B<50%, X=0%; other actual completion proportions (B) are 97.70%. In this case, X=whichever is higher between A or B. Therefore, meeting the requirements of the incentive plan
Lift restrictions on sales.
4 This equity incentive includes directors, senior managers, incentive objects, appraisers and core employees in 2025. There are personal performance indicators: The results are all qualified and above, satisfying
The incentive objects must continue to meet the personal performance appraisal indicators during the validity period.
The incentive objects do not violate company management
The management system causes economic losses to the company, or
caused serious negative impact on the company and was punished by the company
situation; 3. The incentive recipients did not resign on their own initiative,
Or the labor contract is terminated by the company due to personal reasons
Situation; 4. The company’s performance indicators correspond to the assessment year
degree, the individual performance appraisal of the incentive target is "combined"
Announcement number: 2026-075
grid" and above. The qualified sales restriction lifting ratio is
100%, and the proportion of unqualified sales restrictions is 0%.
(2) Arrangements for the repurchase and cancellation of restricted stocks that do not meet the conditions for lifting sales restrictions.
According to the relevant provisions of the "Incentive Plan", the company should repurchase and cancel the 5,773 restricted shares that do not meet the conditions for lifting the restrictions during the second unlocking period of the "Incentive Plan", involving 10 people. The company will proceed with the repurchase and cancellation procedures of the relevant shares in the future.
4. Specific circumstances of lifting sales restrictions
(1) Detailed list of achievements for lifting sales restrictions
Lift sales restrictions Lift sales restrictions
remaining limit
Order Conditional Achievements Achievements Quantity Acquisition
Name Position Number of stocks
The number of shares of No. Proportional amount of the number of grants (shares)
Volume (shares) (%)
1. Directors and senior managers
1 Sun Kehua Director and General Manager 29,310 90,690 19.54% 2 Chen Chuan Chief Financial Officer 39,080 120,920 19.54% 3 Hu Yaming Director 29,310 90,690 19.54% 4 Yin Chengfeng Secretary of the Board of Directors 24,425 75,575 19.54% 5 Zhang Lei Deputy General Manager, Core Employee 19,540 60,460 19.54%
Subtotal of directors and senior management 141,665 438,335 19.54%
2. Core employees
1 Zhang Bo core employee 19,540 60,460 19.54% 2 Qu Hongbo core employee 25,402 78,598 19.54% 3 Liu Yongchao core employee 29,310 90,690 19.54% 4 Jin Zheng core employee 19,540 60,460 19.54% 5 Xu Kaile Core employees 9,770 30,230 19.54% Core employees subtotal 103,562 320,438 19.54%
Total 245,227 758,773 19.54%
Announcement number: 2026-075
In the above list, there are shareholders or actual controllers who individually or collectively hold more than 5% of the shares of the listed company, as well as their spouses, parents, and children.
Among the incentive targets, Sun Kehua is the actual controller of the company: According to the shareholder list issued as of September 10, 2026, the incentive target Sun Kehua directly holds 7,763,838 shares of the company, accounting for 19.05% of the company's total shares. Sun Kehua has a father-son relationship with the company's largest shareholder, Sun Liping, and he has a father-son relationship with Sun Liping, Hu Pingjuan, Guo Zhengang, etc. The four people are jointly the actual controllers of the company and hold a total of 62.98% of all shares in Tianyicheng.
(2) The actual situation in which sales restrictions can be lifted
due to actual control
To lift the sales restriction clause, the person, director or senior executive must have the actual number, name, position, status of stock management, etc. to remove the restricted number of shares (shares) and continue to restrict the number of shares (shares).
Volume (shares)
1. Directors and senior managers
1 Sun Kehua Director, General Manager 29,310 0 29,310 2 Chen Chuan Financial Controller 39,080 22,918 16,162 3 Hu Yaming Director 29,310 0 29,310 4 Yin Chengfeng Board Secretary 24,425 14,324 10,101 5 Zhang Lei Deputy General Manager/Core Employee 19,540 0 19,540
Subtotal of directors and senior management 141,665 37,242 104,423
2. Core employees
1 Zhang Bo Core employee 19,540 0 19,540 2 Qu Hongbo Core employee 25,402 0 25,402 3 Liu Yongchao Core employee 29,310 0 29,310 4 Jin Zheng Core employee 19,540 0 19,540 5 Xu Kaile Core employee 9,770 0 9,770
Subtotal of core employees 103,562 0 103,562
Announcement number: 2026-075
Total 245,227 37,242 207,985
5. Documents for reference
The company’s “Resolution of the Third Meeting of the Fourth Board of Directors”;
The company's "Audit Committee's Verification Opinions on Lifting Sales Restrictions and Repurchasing and Cancellation Matters".
Board of Directors of Hangzhou Tianyicheng New Energy Technology Co., Ltd.
September 15, 2026