Core Viewpoint - The company is undergoing significant governance changes, including the cancellation of the supervisory board and amendments to the articles of association, which require shareholder approval [8][10][22]. Group 1: Governance Changes - The company plans to cancel the supervisory board and amend the articles of association, with non-substantive changes such as renaming "shareholders' meeting" to "shareholders' assembly" and changing "supervisory board" to "audit committee" [1][2][8]. - The amendments to the articles of association and related rules will be submitted for shareholder approval [9][10][22]. Group 2: Board Meeting Details - The company's ninth board meeting was held on August 20, 2025, with all 10 directors present, and the meeting was deemed valid [5]. - The board approved the 2025 semi-annual report and the proposal to cancel the supervisory board, with unanimous votes [6][8]. Group 3: Stock Option Plan - The company has decided to cancel 74,040 stock options from the 2021 stock option incentive plan due to failure to meet exercise conditions, completing the implementation of the plan [29][31]. - Following the cancellation, the total number of stock options exercised was 9,413,280, representing 62.76% of the total granted [32][34].

Core Viewpoint - The legal opinion letter from Grandway Law Offices confirms that DreamNet Cloud Technology Group Co., Ltd. has properly followed the necessary procedures to cancel part of its 2021 stock option incentive plan, specifically the unexercised stock options due to expiration [1][3][4]. Group 1: Approval and Authorization - The company held a shareholders' meeting on July 13, 2021, where it approved the authorization for the board of directors to handle matters related to the 2021 stock option incentive plan [3]. - The board of directors determined that stock options not exercised during the designated exercise period should be canceled, in accordance with the relevant regulations [3][4]. - A total of 5,761,552 stock options were identified as unexercised and are to be canceled as they were not exercised by the deadline [3][4]. Group 2: Specifics of the Cancellation - The cancellation of stock options is in line with the provisions of the stock option incentive management regulations and the company's incentive plan [4]. - The third exercise period for the stock options ended on July 18, 2025, and the unexercised options will be canceled as per the established rules [4]. - The company is required to disclose this cancellation in accordance with the relevant regulations and apply for the cancellation procedures with the China Securities Depository and Clearing Corporation [4]. Group 3: Conclusion - The legal opinion concludes that the company has fulfilled all necessary approval procedures for the cancellation, and the action complies with applicable laws and regulations [5].

Group 1 - The company held its sixth meeting of the second supervisory board, which was chaired by Zhang Dan, and the meeting complied with relevant regulations [1] - The supervisory board approved the proposal to use self-owned funds to pay personnel costs for fundraising projects, with plans to later replace these funds with equivalent amounts from the fundraising account, enhancing fund utilization efficiency [1] - The supervisory board also approved the proposal to cancel a portion of stock options from the 2021 stock option incentive plan, totaling 194,000 options, which aligns with the plan's regulations and does not harm the interests of the company or its shareholders [2][3] Group 2 - The voting results for both proposals showed unanimous support, with 3 votes in favor and no votes against or abstentions [2]