rampartbingo| Gaoyang Technology Equity Incentive Plan: Share options can be exercised after the predetermined goals are achieved

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[Gaoyang Technology announced the launch of equity incentive plan]

On May 20, 2024, the board of directors and shareholders of Hi Sun Technology jointly decided to adopt a new equity incentive plan.

rampartbingo| Gaoyang Technology Equity Incentive Plan: Share options can be exercised after the predetermined goals are achieved

This plan is designed to grant share options to participantsrampartbingo, inspire Gaoyang Huanqiu Technology employees to achieve the set performance goals. These share options will vest and can be exercised after the completion of specific financial goals.

currentlyrampartbingo, Gaoyang Technology indirectly holds 50% of Gaoyang Huanqiu Technologyrampartbingo.91% of the shares. If all share options are fully exercised and all shares involved are subscribed, Gaoyang Technology's shareholding in Gaoyang Huanqiu Technology will be reduced to 40% or approximately 42rampartbingo.75%, when Gaoyang Huanqiu Technology will no longer be a subsidiary of Gaoyang Technology.

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