Zhejiang Crystal-Optech Co., Ltd. Announcement of the Resolutions of the First Shareholder Meeting of the Ninth Employee Shareholding Plan

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Stock Code: 002273 Stock Abbreviation: Crystal Optoelectronics Announcement No.: (2026)009

Zhejiang Crystal Optoelectronics Technology Co., Ltd.

Announcement of the First Holder Meeting Resolution of the Ninth Employee Stock Ownership Plan

The company and all members of the board of directors guarantee that the content of the information disclosure is true, accurate, and complete, without false records, misleading statements, or significant omissions.

Zhejiang Crystal Optoelectronics Technology Co., Ltd. (hereinafter referred to as “the Company”) held the first holder meeting of the ninth employee stock ownership plan via telecommunication voting on March 18, 2026. The meeting was convened and presided over by Ms. Han Li, the Deputy General Manager and Board Secretary of the Company, and all holders were notified in advance through the Company’s DingTalk system. A total of 330 holders should have attended the meeting, with 293 holders actually present, representing 155,373,200 shares of the Company’s ninth employee stock ownership plan, accounting for 87.75% of the total shares of this employee stock ownership plan. The convening, holding, and voting procedures of the meeting complied with the relevant provisions of the Company’s employee stock ownership plan. The following proposals were reviewed and approved at this meeting:

1. The proposal on the establishment of the management committee for the Company’s ninth employee stock ownership plan was approved;

In accordance with the relevant provisions of the Company’s “Ninth Employee Stock Ownership Plan (Draft)” and “Management Measures for the Ninth Employee Stock Ownership Plan,” the establishment of the management committee for this employee stock ownership plan was approved, serving as the daily management and supervisory body for this stock ownership plan. The management committee for the employee stock ownership plan is accountable to the holders’ meeting and represents the holders in exercising shareholder rights. The management committee for this employee stock ownership plan consists of 5 members, including 1 chairperson, and the term of the committee members is consistent with the duration of this employee stock ownership plan.

Voting results: 153,884,000 votes in favor, accounting for 99.04% of the total votes held by attendees; 0 votes against; 1,489,200 votes abstained.

2. The proposal on the election of committee members for the Company’s ninth employee stock ownership plan was approved;

It was agreed to elect Zheng Ping, Han Li, Xiong Bo, Xu Qunhui, and Nie Xiaoling as committee members for the Company’s ninth employee stock ownership plan, with a term consistent with the duration of this employee stock ownership plan.

Ms. Zheng Ping is currently the Deputy General Manager and Chief Financial Officer of the Company, and Ms. Han Li is currently the Deputy General Manager and Board Secretary of the Company. Neither of them holds positions in the Company’s controlling shareholder or actual controller entities and has no affiliations with shareholders holding more than 5% of the Company, the actual controller, other directors, or senior management of the Company. In addition, the other three committee members have not served as directors or senior management in the Company, have not held positions in the Company’s controlling shareholders or actual controller entities, and have no affiliations with shareholders holding more than 5% of the Company, the actual controller, directors, or senior management of the Company.

Voting results: 145,072,900 votes in favor, accounting for 100.00% of the total votes held by attendees (excluding abstentions); 0 votes against; 0 votes abstained. The 5 nominated holders abstained from voting on this proposal.

On the same day, the Company held the first meeting of the management committee for the ninth employee stock ownership plan, electing Ms. Zheng Ping as the chairperson of this employee stock ownership plan management committee, with a term consistent with the duration of the employee stock ownership plan.

3. The proposal to authorize the management committee for the Company’s ninth employee stock ownership plan to handle matters related to this employee stock ownership plan was approved.

In accordance with the relevant provisions of the Company’s “Ninth Employee Stock Ownership Plan (Draft)” and “Management Measures for the Ninth Employee Stock Ownership Plan,” the holders’ meeting of the ninth employee stock ownership plan agreed to authorize the management committee to handle matters related to this employee stock ownership plan, including but not limited to:

1. Responsible for convening holders’ meetings and executing the resolutions of the holders’ meetings;

2. To supervise or be responsible for the daily management of the stock ownership plan on behalf of all holders;

3. To exercise or authorize professional institutions to exercise shareholder rights for the shares held by the stock ownership plan on behalf of all holders;

4. Responsible for opening securities accounts, fund accounts, and other related accounts for the employee stock ownership plan;

5. Responsible for deciding whether to hire relevant professional institutions to provide management, consulting, and other services for the daily management of the stock ownership plan;

6. To sign relevant agreements and contracts on behalf of the stock ownership plan;

7. To dispose of holders’ rights in accordance with the relevant provisions of “X. Changes, Termination, and Disposition of Holders’ Rights of the Employee Stock Ownership Plan” in the “Ninth Employee Stock Ownership Plan (Draft)”;

8. To decide on the allocation of shares that are voluntarily relinquished, forcibly reclaimed, or related rights;

9. To manage the distribution of benefits from the stock ownership plan, and upon the expiration of the lock-up period, to decide on the sale and distribution of the underlying stocks;

10. To handle registration for the stock ownership plan shares, inheritance registration;

11. To manage the reduction arrangements for the stock ownership plan;

12. Other responsibilities authorized by the holders’ meeting.

This authorization is valid from the date of approval by the first holders’ meeting of the Company’s current employee stock ownership plan until the termination date of the Company’s current employee stock ownership plan.

Voting results: 153,884,000 votes in favor, accounting for 99.04% of the total votes held by attendees; 0 votes against; 1,489,200 votes abstained.

This announcement is hereby made.

Board of Directors of Zhejiang Crystal Optoelectronics Technology Co., Ltd.

March 19, 2026

Stock Code: 002273 Stock Abbreviation: Crystal Optoelectronics Announcement No.: (2026)008

Zhejiang Crystal Optoelectronics Technology Co., Ltd.

Announcement on the Completion of Non-Transactional Transfer of the Ninth Employee Stock Ownership Plan

The company and all members of the board of directors guarantee that the content of the information disclosure is true, accurate, and complete, without false records, misleading statements, or significant omissions.

Zhejiang Crystal Optoelectronics Technology Co., Ltd. (hereinafter referred to as “the Company”) held the fifth meeting of the seventh board of directors on December 29, 2025, and the first extraordinary shareholders’ meeting of 2026 on January 23, 2026, which reviewed and approved the proposals on “The Proposal on the Ninth Employee Stock Ownership Plan (Draft) of Zhejiang Crystal Optoelectronics Technology Co., Ltd.” and “The Proposal to Authorize the Board of Directors to Handle Matters Related to the Company’s Ninth Employee Stock Ownership Plan,” agreeing to implement the ninth employee stock ownership plan (hereinafter referred to as “the Employee Stock Ownership Plan” or “this Stock Ownership Plan”) and authorizing the board of directors to handle all matters related to this stock ownership plan. For specific details, please refer to the announcements made by the Company on December 30, 2025, and January 24, 2026, in the information disclosure media including “Securities Times,” “China Securities Journal,” “Shanghai Securities Journal,” “Securities Daily,” and the information disclosure website of Giant Tide Information Network.

In accordance with the “Guiding Opinions on the Implementation of Employee Stock Ownership Plans by Listed Companies” and “Self-Regulatory Guidelines No. 1 for Listed Companies on the Main Board of Shenzhen Stock Exchange,” the progress of the implementation of the Company’s ninth employee stock ownership plan is announced as follows:

1. Source and Quantity of Shares for the Employee Stock Ownership Plan

The shares for the ninth employee stock ownership plan are sourced from the A-shares of Crystal Optoelectronics repurchased by the Company through its dedicated repurchase securities account.

From November 2, 2022, to the announcement date of the ninth employee stock ownership plan draft, the Company has repurchased a total of 15,075,550 shares, of which 342,995 shares were granted to the incentive objects of the Company’s 2025 restricted stock incentive plan on August 5, 2025, and the remaining 14,732,555 shares, accounting for 1.06% of the Company’s total share capital.

According to the relevant provisions of the ninth employee stock ownership plan (draft), the upper limit of shares to be acquired from the Company’s dedicated repurchase securities account by this stock ownership plan is 14,732,555 shares, and the upper limit of shares to be transferred via non-transactional transfer is 14,732,555 shares, representing 1.06% of the Company’s total share capital.

2. Account Opening, Share Transfer, and Subscription Situation of the Employee Stock Ownership Plan

3. Account Opening Situation

As of the date of this announcement, the Company has opened a dedicated securities account for the ninth employee stock ownership plan at China Securities Depository and Clearing Co., Ltd. Shenzhen Branch. The name of the securities account for the ninth employee stock ownership plan is “Zhejiang Crystal Optoelectronics Technology Co., Ltd. - Ninth Employee Stock Ownership Plan,” and the securities account number is “0899526285.”

2. Subscription Situation of the Employee Stock Ownership Plan

According to the relevant provisions of the ninth employee stock ownership plan (draft), the total number of holders of this stock ownership plan does not exceed 347, and the upper limit of total funds to be raised is 182,831,008 yuan, with “units” as the subscription unit, and each unit is 1 yuan, totaling no more than 182,831,008 units, with specific units determined based on actual contribution amounts. The price for acquiring the repurchased shares is 12.41 yuan/share, with an upper limit of 14,732,555 shares to be acquired.

During the actual subscription process, 17 individuals from the participants of this stock ownership plan voluntarily waived the subscription of 465,055 shares due to resignation or other personal reasons. The actual number of contributors to the ninth employee stock ownership plan is 330, with a total amount of funds raised being 177,059,675 yuan, and the actual total units subscribed being 177,059,675 units, with an actual subscription of 14,267,500 shares. The actual subscription situation of this stock ownership plan did not exceed the upper limit of subscription units approved by the Company’s shareholders’ meeting. The subscription funds of the 330 holders of the ninth employee stock ownership plan have all been fully paid, and the verification report No. [2026]77 from Tianjian Accounting Firm (Special General Partnership) has been issued. The funding sources for this employee stock ownership plan are the legal salaries of the participants, self-raised funds, and other methods permitted by laws and regulations, with the Company not providing any form of financial assistance to the participating employees.

3. Non-Transactional Transfer Situation of the Employee Stock Ownership Plan

On March 18, 2026, the Company received the “Securities Transfer Registration Confirmation” issued by China Securities Depository and Clearing Co., Ltd. Shenzhen Branch, confirming that 14,267,500 shares held by the “Zhejiang Crystal Optoelectronics Technology Co., Ltd. Repurchase Securities Account” have been non-transitionally transferred to “Zhejiang Crystal Optoelectronics Technology Co., Ltd. - Ninth Employee Stock Ownership Plan” on March 17, 2026, representing 1.03% of the Company’s total share capital, with a transfer price of 12.41 yuan/share.

The duration of the ninth employee stock ownership plan does not exceed 48 months, calculated from the date the draft of this stock ownership plan is approved by the Company’s shareholders’ meeting and the last transfer of the underlying stocks to this stock ownership plan (i.e., March 19, 2026); the lock-up period also starts from the same date. The rights to the underlying stocks held by this stock ownership plan will be unlocked in two phases, with the rights distributed to holders based on the performance assessment results of the Company for the corresponding assessment years and the individual performance assessment results of the holders, with vesting periods starting from the month after the Company’s announcement of the 2026 annual report and the 2027 annual report, with the proportion of stocks unlocked being 50% for each phase.

3. Explanation of Relationships and Consistent Action Relationships of the Employee Stock Ownership Plan

4. The Company’s controlling shareholders and actual controllers did not participate in this stock ownership plan, and this stock ownership plan has not signed any consistent action agreements or arrangements with the Company’s controlling shareholders or actual controllers.

5. The holders of this stock ownership plan include some of the Company’s directors and all senior management personnel. The participants in this stock ownership plan include Chairman Li Xiayun, Founder/Director Lin Min, Director and General Manager Wang Zhenyu, Director and Deputy General Manager FENGLEI LIU, Employee Director Wang Jianhua, Deputy General Manager and Chief Financial Officer Zheng Ping, Deputy General Manager TANG KEN, Deputy General Manager Qian Tao, and Deputy General Manager and Board Secretary Han Li, all of whom have relationships with this stock ownership plan. Except for these individuals, there are no relationships between this stock ownership plan and other directors of the Company. The holders’ meeting is the highest authority of this stock ownership plan, which elects the management committee to supervise the daily management of this stock ownership plan. The management and operational work of this employee stock ownership plan remains independent from the Company’s controlling shareholders, actual controllers, directors, and senior management. The shares held by the holders of this stock ownership plan are relatively dispersed, and relevant directors and senior management as holders will abstain from voting on matters related to them during the holders’ meeting and management committee deliberations, preventing any single holder from significantly influencing the decisions of the holders’ meeting and management committee.

6. Each phase of the employee stock ownership plans implemented by the Company has established mutually independent management bodies, functioning independently in relevant operational matters without consistent action relationships, and the rights held by each phase of the employee stock ownership plan will be independently accounted.

7. This stock ownership plan has a relatively low shareholding proportion in the Company, and relevant shareholders of this stock ownership plan have abstained from voting on matters related to this stock ownership plan during the shareholders’ meeting.

8. When the Company’s shareholders’ meeting deliberates on transactions related to the participants of this stock ownership plan, this stock ownership plan shall abstain from voting.

9. Accounting Treatment of the Employee Stock Ownership Plan

In accordance with the provisions of “Enterprise Accounting Standard No. 11 - Share-based Payment”: Share-based payments settled in equity for employees’ services that can be exercised only after completing a waiting period or meeting specified performance conditions must be recognized, and at each balance sheet date during the waiting period, the services obtained in the current period should be accounted for as costs or expenses and capital reserves based on the best estimate of the number of equity instruments that can be exercised, at fair value on the grant date.

The Company will conduct corresponding accounting treatments in accordance with relevant national accounting standards and accounting systems, and the impact of implementing this stock ownership plan on the Company’s operating results will be based on the annual audit report issued by the accounting firm.

5. Documents for Reference

The “Securities Transfer Registration Confirmation” issued by China Securities Depository and Clearing Co., Ltd. Shenzhen Branch.

This announcement is hereby made.

Board of Directors of Zhejiang Crystal Optoelectronics Technology Co., Ltd.

March 19, 2026

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