Cnano Technology's restricted shares to list in November

Jiangsu Cnano Technology Co., Ltd. has completed the registration for the third vesting period of the reserved grant portion under its 2022 restricted stock incentive plan. A total of 15,895 restricted shares are scheduled for listing and circulation on November 25, 2025. These shares represent 34.09% of the 46,620 restricted shares previously granted to four core technical personnel.

The total number of shares to be listed is 15,895, sourced from the company's directed issuance of A-shares to the incentive recipients. Following this vesting, the company's total share capital will increase from 366,516,126 shares to 366,532,021 shares, representing a 0.004% increase. The company's controlling shareholder remains unchanged.

The vesting process has been verified by Tianjian Certified Public Accountants in their report dated November 5, 2025. The report confirms that the four incentive recipients contributed a total of CNY 367,015.55, with CNY 15,895.00 allocated to paid-in capital and CNY 351,120.55 to capital reserve. This transaction is not expected to significantly impact the company's most recent financial condition or operating results.