Hundsun Technologies shareholders approve equity incentive, employee stock ownership plans

Hundsun Technologies Inc. held its first extraordinary general meeting of shareholders for 2025 on September 9, 2025, in Hangzhou. A legal opinion confirmed that the meeting's convocation, procedures, and resolutions complied with relevant laws and company articles. All proposals, including the 2025 stock option incentive plan and its implementation and assessment methods, as well as the 2025 employee stock ownership plan, were passed by over two-thirds of the valid votes from attending shareholders.

Shareholders approved the 2025 stock option incentive plan with 95.0140% of votes (479,896,869 shares) in favor and the corresponding implementation and assessment methods with 95.0136% (479,894,569 shares). The employee stock ownership plan and its management methods also received strong support, with 91.5020% (462,158,248 shares) and 91.5167% (462,232,542 shares) in favor, respectively. Authorization for the board of directors to manage these plans was also granted.

A self-inspection report on insider trading, released on September 10, 2025, confirmed that no insider trading occurred among identified individuals within six months prior to the public disclosure of the incentive plans. The company stated that all trading decisions during this period were based on individual market judgments, not on undisclosed insider information.