CATL has reviewed and approved the proposal to grant reserved shares under its 2026 A-Share Phase II Employee Stock Ownership Plan. A total of 298,159 shares will be granted to 376 middle-level managers and core key personnel, accounting for 3.69% of the plan, at a transfer price of RMB 158.42 per share. The underlying shares will be unlocked in three tranches, with a 12-month lock-up period for each tranche and a total lock-up period of 36 months. The unlocking proportions will be 30%, 30%, and 40%, respectively.