MeiG Smart Technology Co., Ltd. (MeiG Smart) disclosed that it is preparing a new phase of its Equity Incentive Plan, combining restricted shares and share options.

The proposal remains in the early planning stage. Specific allocation terms, participation scope and other key parameters are still under internal discussion and will be set out in a forthcoming draft. Final implementation requires approval by both the Board and the Company’s general meeting.

Management noted that the initiative is not expected to create any adverse impact on the Company’s current operations or financial position. However, the Board highlighted that there is no certainty the plan will proceed to full implementation, given pending internal deliberations and regulatory clearances.

Shareholders and prospective investors are advised to remain prudent when trading the Company’s shares until further details are released.

The announcement was authorised by Chairman Wang Ping on 17 July 2026 in Shenzhen, the People’s Republic of China.