Wingtech Technology begins second exercise period for 2023 stock options

Wingtech Technology Co., Ltd. received approval on September 4, 2025, to begin the second exercise period for the initial grant of its 2023 stock option incentive plan. The company's board determined that the exercise conditions for the first grant's second tranche of options have been met. A total of 24 eligible incentive recipients will be able to exercise 232,753 stock options.

The exercise period for these options, with an exercise price of CNY 38.465 per share, is scheduled to run from September 26, 2025, to August 24, 2026, excluding blackout periods. The options were granted on August 25, 2023, and will be exercised via an autonomous exercise mechanism, allowing participants to declare their exercise through Huatai Securities Co., Ltd.'s system. Shares acquired through this exercise will be available for trading on the second trading day after the exercise date.

These 232,753 exercisable options represent 1.92% of the total options granted under the incentive plan and 0.02% of the company's total share capital at the time of the grant. The company has stated it will periodically disclose updates on changes in incentive recipients, adjustments to key stock option parameters, and autonomous exercise and changes in the company's share capital in its regular or temporary reports.