Jiaxing Zhongrun Optical Technology Co., Ltd. 2025 Annual Special Report on the Deposit, Management, and Actual Use of Raised Funds

2026-03-28 19:49:39

Stock Code: 688307 Stock Abbreviation: Zhongrun Optical Announcement Number: 2026-008

The Board of Directors of the Company and all directors guarantee that there are no false records, misleading statements, or major omissions in the content of this announcement, and bear legal responsibility for the truthfulness, accuracy, and completeness of its content.

Jiaxing Zhongrun Optical Technology Co., Ltd. (hereinafter referred to as “the Company” or “this Company”) hereby reports on the deposit, management, and actual use of the raised funds for the year 2025 in accordance with the requirements of the “Regulations on the Supervision of Fundraising by Listed Companies” issued by the China Securities Regulatory Commission, “Self-Regulatory Rules No. 1 for Listed Companies on the Science and Technology Innovation Board of the Shanghai Stock Exchange - Standardized Operations,” and relevant format guidelines:

I. Basic situation of the raised funds

(1) Actual amount of raised funds and time of fund arrival

According to the approval issued by the China Securities Regulatory Commission on December 5, 2022, regarding the “Approval for Jiaxing Zhongrun Optical Technology Co., Ltd.'s Initial Public Offering of Shares” (Zheng Jian Xu Ke [2022] No. 3064), the Company is authorized to publicly issue 22 million shares of ordinary shares (A shares) at a nominal value of RMB 1 per share, with an issue price of RMB 23.88 per share, raising a total of RMB 525,360,000.00. After deducting issuance expenses of RMB 79,189,860.99, the actual net amount of raised funds is RMB 446,170,139.01. The aforementioned raised funds were transferred to the Company’s fundraising supervision account on February 10, 2023, and were verified by Tianjian Accounting Firm (Special General Partnership), which issued a verification report (Tianjian Verification [2023] No. 47). After the arrival of the raised funds, the Company implemented special account management for the funds and signed a “Three-Party Supervision Agreement for the Storage of Special Accounts for Raised Funds” with the sponsor and the bank where the funds are stored.

(2) Amount of funds used during the reporting period and end balance

Unit: Ten thousand yuan Currency: RMB

Note: As of December 31, 2025, the actual balance of the raised funds is RMB 892.09 ten thousand, and the difference between the actual balance of the raised funds and the balance that should be remaining is RMB 115.80 ten thousand, which is due to the interest of RMB 115.80 ten thousand accrued on idle raised funds that has not yet been received.

II. Management situation of raised funds

(1) Situation of fundraising management system

The Company has formulated and revised the “Fundraising Management System of Jiaxing Zhongrun Optical Technology Co., Ltd.” (hereinafter referred to as the “Fundraising Management System”) in accordance with the requirements of the “Company Law of the People’s Republic of China,” “Securities Law of the People’s Republic of China,” “Regulations on the Supervision of Fundraising by Listed Companies,” “Stock Listing Rules of the Science and Technology Innovation Board of the Shanghai Stock Exchange,” and “Self-Regulatory Guidelines No. 1 for Listed Companies on the Science and Technology Innovation Board - Standardized Operations,” etc., implementing a special account storage system for raised funds and stipulating the management of the deposit, use, project implementation, and investment project adjustments of the raised funds. The “Fundraising Management System” was approved by the Company’s second extraordinary general meeting of shareholders in 2025.

(2) Situation of the three-party supervision agreement for raised funds

The Company implements a special account storage for raised funds, establishing special accounts for raised funds in banks, and together with the sponsor, Guosen Securities Co., Ltd., signed the “Three-Party Supervision Agreement for the Storage of Special Accounts for Raised Funds” with Agricultural Bank of China Co., Ltd., China Merchants Bank Co., Ltd., and Hangzhou Bank Co., Ltd. on February 14, 2023; on April 15, 2025, a “Three-Party Supervision Agreement for the Storage of Special Accounts for Raised Funds” was signed with Jiaxing Bank Co., Ltd. Technology Branch; the Company, along with the sponsor Guosen Securities Co., Ltd. and its wholly-owned subsidiary Zhongrun Optical Technology (Pinghu) Co., Ltd. (hereinafter referred to as “Pinghu Zhongrun”), signed a “Four-Party Supervision Agreement for the Storage of Special Accounts for Raised Funds” with Hangzhou Bank Co., Ltd. and Agricultural Bank of China Co., Ltd. on December 18 and 19, 2024, respectively, clarifying the rights and obligations of all parties. The main terms of the agreement do not differ significantly from the “Three-Party Supervision Agreement for the Storage of Special Accounts for Raised Funds (Template)” of the Shanghai Stock Exchange, and the Company has strictly followed the agreement when using the raised funds.

(3) Situation of special account storage for raised funds

As of December 31, 2025, the Company has 5 special accounts for raised funds, with the deposit balance of the special accounts for storing raised funds as follows:

Unit: Yuan Currency: RMB

III. Actual use of raised funds for the year 2025

(1) Situation of fund use for investment projects funded by raised funds

For details on the use of funds, please refer to Appendix 1 of this report.

(2) Situation of prior investment and replacement in funded projects

During the reporting period, the Company had no prior investment or replacement for investment projects funded by raised funds.

(3) Situation of temporarily supplementing working capital with idle raised funds

During the reporting period, the Company did not temporarily supplement working capital with idle raised funds.

(4) Situation of cash management for idle raised funds and investment in related products

On March 28, 2025, the Company held the seventh meeting of the second board of directors, which reviewed and approved the “Proposal on Using Part of the Temporarily Idle Raised Funds and Own Funds for Cash Management,” agreeing that the Company and its subsidiaries plan to use no more than RMB 300 million (including this amount) of temporarily idle raised funds and no more than RMB 300 million (including this amount) of own funds for cash management, intended for purchasing investment products with high safety, good liquidity, and capital preservation agreements (including but not limited to guaranteed financial products, structured deposits, notice deposits, time deposits, and large-denomination certificates of deposit), with a use period of 12 months from the date of approval by the annual general meeting of shareholders for the year 2024. Funds within the above limit can be rolled over during the investment period, and cash management funds related to raised funds will be returned to the Company’s special account for raised funds upon maturity.

In 2025, the Company earned RMB 5,007,666.72 from cash management using temporarily idle raised funds.

As of December 31, 2025, the balance of raised funds used for cash management by the Company is RMB 80 million, with a large-denomination certificate of deposit balance of RMB 80 million and a structured deposit balance of RMB 0, specific details are as follows:

Unit: Ten thousand yuan Currency: RMB

(5) Situation of permanently supplementing working capital or repaying bank loans with excess raised funds

During the reporting period, the Company had no situation of using excess raised funds to permanently supplement working capital or repay bank loans.

(6) Situation of excess raised funds used for ongoing projects and new projects (including asset acquisitions, etc.) or repurchasing and canceling the Company’s shares

On April 25, 2025, the Company held the eighth meeting of the second board of directors and on May 12, 2025, held the first extraordinary general meeting of shareholders for 2025, reviewing and approving the “Proposal on Using Own Funds and Part of the Excess Raised Funds to Acquire 51% Equity of Hunan Dais Optoelectronics Co., Ltd.,” agreeing to use own funds and acquisition loans of RMB 141,196,600 and the remaining excess raised funds of RMB 16,903,400, totaling RMB 158,100,000 to acquire 51% equity of Dais Optoelectronics, with the corresponding capital contribution for the target company being RMB 25,036,364. The transaction price is based on the valuation by an independent third-party asset appraisal agency and is determined through mutual negotiation, ensuring the pricing is fair and reasonable, with no harm to the interests of the Company and its shareholders. The use of excess raised funds does not involve changing the purpose of the raised funds in a disguised manner and will not affect the normal progress of investment projects with raised funds.

As of December 31, 2025, the Company has completed the acquisition of 51% equity of Hunan Dais Optoelectronics Co., Ltd. and has fully paid the equity acquisition amount.

(7) Situation of using surplus raised funds

During the reporting period, the Company had no situation of surplus raised funds usage.

(8) Other situations regarding the use of raised funds

On October 28, 2024, the Company held the fifth meeting of the second board of directors, which reviewed and approved the “Proposal on Increasing the Implementation Entity, Implementation Location, Adjusting the Internal Investment Structure, and Delaying for Certain Funded Projects,” agreeing to add Pinghu Zhongrun as the implementation entity for the funded project “Intelligent Manufacturing Project for High-end Optical Lenses” and Jiaxing City, Pinghu City as the implementation location, and authorized the Company’s management to decide on the establishment of corresponding special accounts for raised funds, sign fundraising supervision agreements, and handle other related matters; agreed that the Company can adjust the internal investment structure of the “Intelligent Manufacturing Project for High-end Optical Lenses” and the “Upgrading Project for High-end Optical Lens R&D Center” without changing the direction of raised funds, not altering the total investment amount of funded projects, and not affecting the normal implementation of funded projects, adjusting the timeline for the projects to reach the predetermined usable state to December 2026 based on the current implementation progress.

On August 11, 2025, the Company held the ninth meeting of the second board of directors, which reviewed and approved the “Proposal on Increasing Capital to Wholly-Owned Subsidiary and Selling Assets with Raised Funds and Own Funds,” where Pinghu Zhongrun has officially commenced operations as of July 2025. To meet the investment operations and future development needs of Pinghu Zhongrun, the board agreed to use RMB 200 million of raised funds and RMB 250 million of own funds, totaling RMB 450 million to increase capital for Pinghu Zhongrun, of which RMB 50 million will be added to the registered capital and RMB 400 million to the capital reserve. After the capital increase, the registered capital of Pinghu Zhongrun will change to RMB 100 million. Meanwhile, to improve production and management efficiency and concentrate production of related products, maximizing the benefits of funded projects, the Company plans to sell some equipment originally invested in the Jiaxing base with raised funds to Pinghu Zhongrun, which will use no more than RMB 80 million of raised funds to purchase (the actual amount based on the financial book value as of July 31, 2025) from Zhongrun Optical. After the purchase is completed, the corresponding raised funds will still return to the Company’s special account for raised funds for management. This capital increase using raised funds and own funds for Pinghu Zhongrun and selling related assets to Pinghu Zhongrun aligns with the strategic development plan of the Company and Pinghu Zhongrun, and the use of raised funds complies with relevant laws and regulations, which is conducive to the business development and operational efficiency of Pinghu Zhongrun.

As of December 31, 2025, the Company has used RMB 156,961,000 of raised funds and RMB 117,000,000 of own funds to complete the capital increase for Pinghu Zhongrun, and Pinghu Zhongrun has used RMB 52,906,100 of raised funds to purchase some equipment originally invested in the Company with raised funds.

On August 24, 2023, the Company held the twelfth meeting of the first board of directors and the tenth meeting of the first supervisory board, respectively reviewing and approving the “Proposal to Use Bank Acceptance Bills to Pay for Funded Project Funds and Replace with Equivalent Raised Funds,” agreeing that the Company can use bank acceptance bills to pay for the accounts payable of funded projects based on actual situations without affecting the normal progress of the fundraising investment plan, and subsequently regularly replace with equivalent raised funds, transferring the equivalent replacement funds from the special account for raised funds to the Company’s general account. As of December 31, 2025, the Company has cumulatively used bank acceptance bills to pay for the funds needed for funded projects and replaced the amount with equivalent raised funds totaling RMB 80,026,400.

IV. Situation of changes in fundraising projects usage

(1) Situation of changes in fundraising investment projects

During the reporting period, the Company had no situation of changes in fundraising investment projects.

(2) Situation of external transfer or replacement of fundraising investment projects

During the reporting period, there was no external transfer or replacement of fundraising investment projects.

V. Problems with the use and disclosure of raised funds

The Company’s Board of Directors believes that the Company has timely, truthfully, accurately, and completely disclosed the storage, management, and actual usage of the fundraising funds for the year 2025 in accordance with the relevant regulations of the “Regulations on the Supervision of Fundraising by Listed Companies” issued by the China Securities Regulatory Commission, and “Self-Regulatory Guidelines No. 1 for Listed Companies on the Science and Technology Innovation Board - Standardized Operations.” There are no violations in the management of raised funds. The Company has fulfilled its disclosure obligations regarding the direction and progress of the raised funds.

VI. Conclusion of the verification report on the company’s annual fundraising storage and usage situation issued by the accounting firm

Tianjian Accounting Firm (Special General Partnership) believes that the “Special Report on the Storage, Management, and Actual Usage of Raised Funds for the Year 2025” prepared by the Company complies with the “Regulations on the Supervision of Fundraising by Listed Companies” (CSRC Announcement [2025] No. 10) and “Self-Regulatory Guidelines No. 1 for Listed Companies on the Science and Technology Innovation Board - Standardized Operations (Revised May 2025)” (Shanghai Stock Exchange Announcement [2025] No. 69), and truly reflects the actual storage, management, and usage situation of Zhongrun Optical’s raised funds for the year 2025.

VII. Conclusion of the special verification report issued by the sponsor on the company’s annual fundraising storage and usage situation

After verification, the sponsor believes that the storage, management, and usage of the Company’s fundraising funds for the year 2025 comply with the “Stock Listing Rules of the Science and Technology Innovation Board of the Shanghai Stock Exchange,” “Self-Regulatory Guidelines No. 1 for Listed Companies on the Science and Technology Innovation Board - Standardized Operations,” “Regulations on the Supervision of Fundraising by Listed Companies,” and the Company’s “Fundraising Management System of Jiaxing Zhongrun Optical Technology Co., Ltd.,” among other legal regulations and institutional documents. The raised funds have been stored in special accounts and used for specific purposes, and the Company has timely fulfilled related information disclosure obligations. The specific usage of the raised funds is consistent with the Company’s disclosed situation, and there are no disguised changes in the purpose of raised funds or harm to the interests of shareholders, nor any violation in the use of raised funds.

VIII. The Company has not conducted financing more than twice in the current year with separate uses of raised funds, and should explain in the special report.

The Company has not conducted financing more than twice in the current year with separate uses of raised funds.

This is the announcement.

Jiaxing Zhongrun Optical Technology Co., Ltd.

Board of Directors

March 28, 2026

Appendix 1: Comparison Table of Fund Usage

Comparison Table of Fund Usage

For the Year 2025

Unit: Ten thousand yuan Currency: RMB

[Note 1] “Total amount of raised funds” refers to the net amount of raised funds after deducting sponsorship underwriting fees and other issuance costs, which is RMB 44,617.01 ten thousand.

[Note 2] The benefits achieved by the Intelligent Manufacturing Project for High-end Optical Lenses this year are the revenue generated from the external sales of the produced products.

Stock Code: 688307 Stock Abbreviation: Zhongrun Optical Announcement Number: 2026-006

Jiaxing Zhongrun Optical Technology Co., Ltd.

Announcement of the Profit Distribution and Capital Reserve to Increase Share Capital Proposal for the Year 2025

Important content reminder:

● Distribution per share: Cash dividend of RMB 4.00 for every 10 shares (tax included).

● Bonus share ratio: 4 new shares for every 10 shares, no bonus shares.

● This profit distribution and capital reserve to increase share capital is based on the total share capital on the record date for the implementation of the equity distribution, and the specific date will be clarified in the announcement of the implementation of the equity distribution.

● If the Company’s total share capital changes before the record date for the implementation of the equity distribution, it is proposed to maintain the total amount of profit distribution and capital reserve increase unchanged, with corresponding adjustments to the distribution and capital reserve increase ratio per share, and specific adjustment situations will be announced separately.

● This profit distribution plan does not touch upon the circumstances that may trigger other risk warnings as stipulated in Article 12.9.1, paragraph 1, item (8) of the “Stock Listing Rules of the Science and Technology Innovation Board” (hereinafter referred to as “the Stock Listing Rules”).

I. Basic situation of the profit distribution plan for the year 2025

According to the audit by Tianjian Accounting Firm (Special General Partnership), as of December 31, 2025, the net profit attributable to the shareholders of the listed company of Jiaxing Zhongrun Optical Technology Co., Ltd. (hereinafter referred to as “the Company”) is RMB 63,046,242.93, and the undistributed profits at the end of the consolidated financial statements are RMB 113,280,973.87, while the undistributed profits at the end of the parent company financial statements are RMB 96,798,631.97.

In accordance with the relevant provisions of the “Company Law of the People’s Republic of China” and other laws, regulations, normative documents, and the “Articles of Association of Jiaxing Zhongrun Optical Technology Co., Ltd.” (hereinafter referred to as “the Articles of Association”) to actively return to shareholders and share the business results of the Company’s development with all shareholders, the Company’s second board of directors decided to propose a profit distribution and capital reserve to increase share capital based on the total share capital on the record date for the implementation of the equity distribution. The specific distribution plan is as follows:

1. The Company proposes to distribute a cash dividend of RMB 4.00 (including tax) for every 10 shares to all shareholders. As of the date of the board meeting to review this profit distribution plan, the total share capital of the Company is 88,774,000 shares, which calculates to a total proposed cash dividend distribution of RMB 35,509,600.00 (including tax).

2. The Company proposes to increase capital by 4 shares for every 10 shares to all shareholders from its capital reserve. As of the date of the board meeting to review this capital reserve increase plan, the total share capital of the Company is 88,774,000 shares, which is estimated to increase 35,509,600 shares, after which the Company’s total share capital is expected to increase to 124,283,600 shares.

During the process of increasing shares, any fractional shares less than 1 share will be handled according to the fragment share handling methods of the Shanghai Branch of China Securities Depository and Clearing Co., Ltd.

If there are changes in the total share capital of the Company due to the listing and circulation of newly issued shares, repurchased shares, convertible bonds, equity incentive granted shares repurchased and canceled, major asset restructuring shares repurchased and canceled, etc., from the date of this announcement to the record date for equity distribution implementation, the Company proposes to maintain the total amount of profit distribution and capital reserve increase unchanged, making corresponding adjustments to the profit distribution and capital reserve increase ratio per share, and will announce the specific adjustments separately.

The Company does not intend to issue bonus shares this time, and this profit distribution and capital reserve increase share capital proposal is still subject to approval by the shareholders’ meeting. Meanwhile, the board requests the shareholders’ meeting to authorize the board of directors to change the registered capital, revise relevant provisions of the Articles of Association, and handle related industrial and commercial registration procedures according to the results of the equity distribution implementation.

On October 9, 2025, the Company held the second extraordinary general meeting of shareholders for 2025, reviewing and approving the “Proposal on the Profit Distribution Plan for the First Half of 2025,” distributing a cash dividend of RMB 1.00 (including tax) for every 10 shares to all shareholders, totaling RMB 8,877,400 (including tax), with the cash dividend distribution implemented on October 23, 2025. The Company will distribute a total cash dividend of RMB 44,387,000 (including tax) to all shareholders for the year 2025, accounting for 70.4% of the net profit attributable to the shareholders of the listed company for the year.

II. Whether it may trigger other risk warning situations

This profit distribution complies with relevant laws, regulations, and the Articles of Association, and does not touch upon the circumstances that may trigger other risk warnings as stipulated in Article 12.9.1, paragraph 1, item (8) of the “Stock Listing Rules,” with relevant data and indicators as shown in the table below:

III. Decision-making procedures followed by the Company

On March 27, 2026, the Company held the fourteenth meeting of the second board of directors, reviewing and approving the “Proposal on the Profit Distribution and Capital Reserve Increase Share Capital Proposal for the Year 2025,” agreeing to this profit distribution and capital reserve increase share capital proposal, and submitting this proposal to the shareholders’ meeting for review. At the same time, the shareholders’ meeting is requested to authorize the management to execute the specific implementation of the profit distribution and capital reserve increase share capital proposal. This proposal complies with the profit distribution policy stipulated in the Articles of Association and the shareholder return plan disclosed by the Company.

IV. Relevant risk reminders

This profit distribution and capital reserve increase share capital proposal takes into account the Company’s stage of development, future funding needs, and other factors, and will not have a significant impact on the Company’s operating cash flow, nor will it affect the normal operations and long-term development of the Company.

This profit distribution and capital reserve increase share capital proposal is subject to approval by the shareholders’ meeting before implementation, please pay attention to investment risks.

This is the announcement.

Jiaxing Zhongrun Optical Technology Co., Ltd.

Board of Directors

March 28, 2026

Stock Code: 688307 Stock Abbreviation: Zhongrun Optical Announcement Number: 2026-014

Jiaxing Zhongrun Optical Technology Co., Ltd.

Announcement on the Salary Scheme for Directors and Senior Management for the Year 2026

Jiaxing Zhongrun Optical Technology Co., Ltd. (hereinafter referred to as “the Company”) held the fourteenth meeting of the second board of directors on March 27, 2026, reviewing the “Proposal on the Director Salary Scheme for the Year 2026” and the “Proposal on the Senior Management Salary Scheme for the Year 2026.” According to the “Corporate Governance Guidelines for Listed Companies” and the Company’s “Salary Management System for Directors and Senior Management” (hereinafter referred to as “the Salary System”) and “Implementation Rules for the Salary Management System for Directors and Senior Management” (hereinafter referred to as “the Implementation Rules”), and taking into account the income levels of the industry and region, as well as actual operating conditions, this salary scheme has been drafted as follows:

I. Scope of Application

(1) Applicable Objects: The directors (including independent directors and non-independent directors) and senior management during the Company’s term of office in 2026.

(2) Applicable Period:

The salary scheme for senior management will come into effect from the date of the board of directors’ approval until a new salary scheme is approved; the salary scheme for directors will take effect from the date of the shareholders’ meeting for the year 2025’s annual review until a new salary scheme is approved.

II. Salary Scheme

(1) Director Salary Scheme

1. Independent Director Salary

Independent directors will receive a stipend of RMB 80,000/year (pre-tax), paid quarterly.

2. Non-Independent Director Salary

(1) Non-independent directors without specific positions in the Company or its subsidiaries will receive a stipend of RMB 80,000/year (pre-tax), paid quarterly.

(2) Non-independent directors holding positions other than director in the Company or its subsidiaries (including employee representative directors) will receive compensation according to the Company’s salary management system, with annual compensation including basic salary, performance salary, and medium- to long-term incentive income (if any), where the performance salary will account for no less than 50% of the total of basic salary and performance salary, and the performance salary will be linked to the Company’s operational performance and individual performance, and determined based on audited annual financial data and corresponding annual assessment results.

The basic salary of non-independent directors holding positions other than director in the Company or its subsidiaries (including employee representative directors) will be determined according to the “Labor Contract” and the specific job responsibilities and content of positions other than director, and in consideration of industry and regional salary levels, job responsibilities, and Company development strategies, according to the Company’s related salary management system, and the specific basic salary amount will be subject to approval by the salary and assessment committee authorized by the shareholders’ meeting.

Performance salary will be linked to annual assessment results, based on the Company’s operational status and operational plan to set annual performance targets, and it will be subject to approval by the salary and assessment committee authorized by the board of directors to determine specific performance salary amounts and assess performance targets.

Medium- to long-term incentives (if any) will be in the form of stock options, restricted stock, employee stock ownership plans, stock appreciation rights, etc., implemented by the Company based on actual operational efficiency, with specific schemes to be determined according to relevant national laws and regulations.

(2) Senior Management Salary Scheme

Senior management will receive compensation based on the “Labor Contract” signed with the Company, specific positions, and the Company’s salary management system, with annual compensation including basic salary, performance salary, and medium- to long-term incentive income (if any), where the performance salary will account for no less than 50% of the total of basic salary and performance salary, and the performance salary will be linked to the Company’s operational performance and individual performance, and determined based on audited annual financial data and corresponding annual assessment results.

The basic salary of senior management will be determined according to the “Labor Contract” and the specific job responsibilities and content of the position, taking into account industry and regional salary levels, job responsibilities, and Company development strategies, according to the Company’s related salary management system, and the specific basic salary amount will be subject to approval by the salary and assessment committee authorized by the board of directors.

(3) Salary Payment and Distribution

(1) Payment and distribution of non-independent director salary

The basic salary of non-independent directors holding positions other than director in the Company or its subsidiaries (including employee representative directors) will be paid monthly.

The performance salary of non-independent directors holding positions other than director in the Company or its subsidiaries (including employee representative directors) will be paid in advance based on 50% of the annual performance salary amount in the annual budget distributed over 12 months, while the actual performance salary will be determined after evaluation by the salary and assessment committee according to the “Salary System” and “Implementation Rules,” and the remaining part of the performance salary will be distributed after the annual report is disclosed. If the final evaluation result requires the return of the pre-paid performance bonus, the Company will deduct it according to the “Salary System” and “Implementation Rules.”

The medium- to long-term incentive income (if any) for non-independent directors holding positions other than director in the Company or its subsidiaries (including employee representative directors) will be executed according to the specific implementation plan.

(2) Payment and distribution of senior management salary

The basic salary of senior management will be paid monthly.

The performance salary of senior management will be paid in advance based on 50% of the annual performance salary amount in the annual budget distributed over 12 months, while the actual performance salary will be determined after evaluation by the salary and assessment committee according to the “Salary System” and “Implementation Rules,” and the remaining part of the performance salary will be distributed after the annual report is disclosed. If the final evaluation result requires the return of the pre-paid performance bonus, the Company will deduct it according to the “Salary System” and “Implementation Rules.”

The medium- to long-term incentive income (if any) for senior management will be executed according to the specific implementation plan.

IV. Other explanations

1. The salaries of the Company’s directors and senior management are pre-tax, and the Company will deduct (or withhold and pay) individual income tax, various social insurances, housing provident fund, and other expenses according to national and Company regulations.

2. The remuneration of directors and senior management who resign due to reorganization, election, or resignation during their term will be calculated and paid based on their actual term of office.

3. The Company will reimburse the expenses incurred by directors and senior management while performing their duties.

V. Review Procedures

1. Review by the Salary and Assessment Committee

The sixth meeting of the second Salary and Assessment Committee reviewed the “Proposal on the Director Salary Scheme for the Year 2026” and the “Proposal on the Senior Management Salary Scheme for the Year 2026,” in which all committee members recused themselves from voting on the “Proposal on the Director Salary Scheme for the Year 2026,” and this proposal was submitted directly to the board of directors for review; the “Proposal on the Senior Management Salary Scheme for the Year 2026” has been approved by the Salary and Assessment Committee and will be submitted to the board of directors for review.

2. Review by the Board of Directors

On March 27, 2026, the Company held the fourteenth meeting of the second board of directors, reviewing the “Proposal on the Director Salary Scheme for the Year 2026” and the “Proposal on the Senior Management Salary Scheme for the Year 2026,” in which all directors recused themselves from voting on the “Proposal on the Director Salary Scheme for the Year 2026,” and this proposal will be submitted directly to the shareholders’ meeting for review; the “Proposal on the Senior Management Salary Scheme for the Year 2026” is subject to recusal by related directors and has been approved by the Company’s board of directors.

This is the announcement.

Jiaxing Zhongrun Optical Technology Co., Ltd. Board of Directors

March 28, 2026

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