Chongqing Qianli Technology allocates reserved shares in employee plan

Chongqing Qianli Technology Co., Ltd. announced on December 23, 2025, the allocation of reserved shares under its 2025 employee stock ownership plan. The Sixth Board of Directors' Twenty-ninth meeting approved the distribution of up to 96,243,750 units of reserved shares to no more than 118 eligible participants. These participants are primarily core management and operational backbone personnel, excluding directors and senior management.

The 2025 employee stock ownership plan initially reserved 134,625,000 units, which included 2,625,000 units from unexercised options by initial participants. The current allocation represents 71.49% of the total reserved shares. The allocation follows approvals, including the board's review on September 29, 2025, and a shareholder meeting on October 15, 2025.

Between October 21 and November 3, 2025, the company's dedicated account for the 2025 employee stock ownership plan acquired 10,077,700 shares on the secondary market. This amounted to 0.2229% of the total share capital, with an average transaction price of approximately yuan 11.36 per share, totaling yuan 114,477,096.00 (excluding transaction fees). The allocation and subsequent vesting will be determined by company-level performance and individual performance assessments.