Zhejiang Haikong Nankehua Iron Digital restricts stock option exercise

Zhejiang Haikong Nankehua Iron Digital Technology Company Limited (the Company) has issued a prompt regarding a restricted exercise period for stock options under its 2021 stock option incentive plan. The Company's board of directors guarantees the announcement's accuracy and completeness, disclaiming any false records or misleading statements.

The restriction applies to the first grant and reserved grant stock options, which entered their fourth exercise period on July 30, 2025, with an exercise validity until June 20, 2026. However, the Company has declared a specific restricted exercise period from October 24, 2025, to October 29, 2025. During this window, all incentive recipients will be prohibited from exercising their options.

This decision aligns with the Company's disclosure plan for its third-quarter report of 2025 and is in accordance with the "Administrative Measures for Equity Incentives of Listed Companies" and relevant regulations from the Shanghai Stock Exchange and China Securities Depository and Clearing Corporation Limited. The Company will manage all restricted exercise matters promptly according to pertinent regulations.