Ningbo Boway Alloy: Restricted exercise of part of the stock options in the incentive plan in 2023.

Ningbo Borwei Alloy Materials Co., Ltd. issues a stock option exercise reminder for the 2023 stock option and restricted stock incentive plan. In accordance with relevant regulations and the disclosure plan in the third quarter report of 2025, the company restricts the exercise time of stock options in the independent exercise period. The first grant of stock options is currently in the second exercise period, and the reserved grant of stock options is in the first exercise period. The restricted exercise period for this time is October 22nd to October 26th, 2025, during which relevant incentive recipients are restricted from exercising. The company will handle related matters according to regulations.