Shenzhen Senior Technology Material Co., Ltd. (“Senior Material”) announced that its board resolved on 3 August 2026 to seek shareholder approval for a new 2026 H Share Incentive Plan aimed at bolstering talent retention and aligning employee and shareholder interests.

The proposed plan will allow the grant of up to 6.00 million existing H shares, representing about 0.41% of Senior Material’s issued share capital (excluding treasury shares) as at the adoption date. Importantly, the company will not issue new shares; the awards will be satisfied through on-market or off-market purchases of existing H shares funded by the company and/or contributions from participating employees.

Key parameters include: • Eligibility: PRC and non-PRC directors and employees (full-time or part-time) of the Group, except individuals in jurisdictions where participation is restricted by local regulations. • Duration: The plan will be valid for up to ten years from the adoption date; no awards can be granted after its expiry. • Governance: A trustee will administer the share purchases, and the board (or its delegates) will hold broad authority to interpret rules, appoint service providers, grant awards, set vesting terms, and make necessary adjustments.

The initiative falls under Chapter 17 of the Hong Kong Listing Rules as it involves grants of existing shares only. Senior Material affirmed that it will continue to meet public-float requirements and comply with all relevant regulatory obligations.

Shareholders will vote on the plan and the accompanying delegation of authority to the board at an upcoming extraordinary general meeting. The company will circulate a detailed explanatory circular and meeting notice in accordance with listing regulations. Investors are advised to monitor further disclosures and exercise caution when dealing in the company’s securities.