MDK completes the registration of reserved grants for restricted stock under the 2024 incentive plan

On September 25, 2025, Hangzhou MDK Optoelectronic Technology Co., Ltd. completed the registration of the first category of restricted stock reserved grants under the 2024 stock option and restricted stock incentive plan. The reserved grant date is September 10, 2025, with a grant quantity of 1.8745 million shares, granted to 50 individuals, at a grant price of 3.69 yuan/share. The source of the stock is from a targeted issuance of the company's A-share common stock. The incentive plan has a maximum validity period of 60 months, with lock-up periods of 12 months and 24 months, and the release of the lock-up will occur in two phases, with a release ratio of 50% for each phase. After this grant is completed, the total number of shares of the company will increase to 408,591,198 shares, with no change in the controlling shareholder and actual controller. It is estimated that the amortization of the incentive plan expenses will have little impact on the net profit of each year, and if considering the positive effect, the performance improvement will exceed the increase in expenses