Group 1 - The board of directors of Weiling New Energy Co., Ltd. held its 12th meeting of the 7th session on August 20, 2025, with all 5 directors present, ensuring compliance with legal and regulatory requirements [1] - The company approved the grant of 18.5655 million restricted stocks to 37 incentive targets at a price of 6.10 yuan per share, as per the 2025 Restricted Stock Incentive Plan [1][2] - The board also approved a proposal to conduct futures hedging business to mitigate price volatility risks associated with its subsidiaries' products, including lithium mica and lithium carbonate [2][3] Group 2 - The voting results for the stock grant proposal showed 4 votes in favor and 0 against, with related directors abstaining from the vote [2] - The futures hedging proposal was also reviewed and approved by the board's audit committee, indicating a structured approach to risk management [3]

Meeting Details - The 12th meeting of the 7th Supervisory Board of Weiling New Energy Co., Ltd. was held on August 20, 2025, at 16:30 via communication methods, with all three supervisors present [1] - The meeting was chaired by Mr. Ma Jinzhuo, and Mr. Li Jiali, the board secretary, attended the meeting [1] Stock Incentive Plan - The Supervisory Board approved the proposal for the 2025 Restricted Stock Incentive Plan, allowing the company to grant 18.5655 million shares of restricted stock at a price of 6.10 yuan per share to 37 eligible participants, effective from August 20, 2025 [1][2] Risk Management Strategy - To mitigate the operational risks associated with price fluctuations of its main products, the company plans to utilize futures tools for hedging, particularly for products like lithium mica and lithium carbonate, which are significantly affected by market price volatility [2]