Impro Precision adopts new share option scheme to incentivize talent

Impro Precision Industries Limited is introducing a new Share Option Scheme, adopted by an ordinary resolution on [•] 2025. The scheme aims to incentivize and reward eligible participants for their contributions to the Group's growth and attract top talent. The Scheme will be valid for 10 years from the Adoption Date.

Options granted under the scheme will have an Exercise Price no less than the nominal value of a Share, the closing price on the Grant Date, or the average closing price over the five business days preceding the Grant Date, whichever is highest. The Vesting Period for options will generally be at least 12 months, with certain exceptions for new joiners, termination due to uncontrollable events, performance-based vesting, or administrative batches.

The total number of Shares available for all options and awards under the Scheme and any other company schemes will not exceed 10% of the issued Shares (excluding Treasury Shares) as of the Adoption Date. Any grant to a director, chief executive, or substantial shareholder exceeding 0.1% of issued Shares in a 12-month period requires separate shareholder approval.