Stock code: 688521 Stock abbreviation: VeriSilicon Announcement No.: 2024-058

VeriSilicon Microelectronics (Shanghai) Co., Ltd

Announcement on the Listing and Circulation of Stock Options Banks Before the Initial Public Offering

The board of directors and all directors of the company guarantee that there is no false record, misleading statement or material omission in the content of this announcement, and assume legal responsibility for the authenticity, accuracy and completeness of its content in accordance with the law.

Important Content Notes:

The type of stock listing is equity incentive shares; The subscription method is offline, and the number of listed shares is 718,357

Share.

The total number of shares outstanding in this listing is 718,357.

The listing date of this stock is January 7, 2025.

1. The types of restricted shares that are listed and circulated this time

According to the "Consent to VeriSilicon" issued by the China Securities Regulatory Commission on July 21, 2020

VeriSilicon Microelectronics (Shanghai) Co., Ltd. (hereinafter referred to as "VeriSilicon" or the "Company") was approved to issue 48,319,289 RMB ordinary shares (A shares) to the public for the first time in reply to the registration of the initial public offering of shares of Electronics (Shanghai) Co., Ltd. (Zheng Jian Xu Xu [2020] No. 1537). Through the Shanghai Stock Exchange

Agreed, the company was listed on the Science and Technology Innovation Board of the Shanghai Stock Exchange on August 18, 2020. The company's first public

Upon completion of the Development Bank, the total share capital was 483,192,883 shares, of which 440,447,482 shares were restricted and 42,745,401 were unrestricted shares.

The restricted shares in circulation in this listing are the restricted shares exercised for the second time in the second exercise period of the company's 2019 stock option incentive plan (hereinafter referred to as the "option exercise"), and the lock-up period is three years from the date of self-ownership, and the number of restricted shares in circulation in this listing is 718,357 shares (the total share capital of the company increases to 495,887,148 shares after the exercise of this option).

The number of shareholders is 96, representing 0.14% of the company's total share capital as of the date of this announcement, which will be completed in 2025

It will be available for circulation from January 7.

2. Changes in the company's share capital since the formation of the restricted shares listed and circulated this time (1) Exercise of the stock option incentive plan

Due to the implementation of the 2019 Stock Option Incentive Plan of VeriSilicon Microelectronics (Shanghai) Co., Ltd. (hereinafter referred to as the "2019 Stock Option Incentive Plan"), a total of 1,863,534 shares of the Company's share capital have been added to the 2019 Stock Option Incentive Plan after the exercise of this option, as follows:

Serial No. Time of Share Change Share Change Amount of Share Change Announcement Index

(Shares)

The company's 2019 stock period "2019 stock option incentive

July 25, 2022 The second exercise period of the second option incentive plan is the third

1 Day Exercise Period: 1,863,534 Exercise Results and Share Changes

Announcement of the Completion of the Registration of the Additional Shares (Announcement No.:

Note 2022-038)

Total - 1,863,534 -

(2) Vesting of restricted stock incentive plans

As a result of the implementation of the 2020 Restricted Stock Incentive Plan of VeriSilicon Microelectronics (Shanghai) Co., Ltd. (hereinafter referred to as the "2020 Restricted Stock Incentive Plan") and the 2022 Restricted Stock Incentive Plan of VeriSilicon Microelectronics (Shanghai) Co., Ltd. (hereinafter referred to as the "2022 Restricted Stock Incentive Plan"), the total number of shares added to the Company's share capital due to the vesting registration of the 2020 Restricted Stock Incentive Plan and the 2022 Restricted Stock Incentive Plan 2,604,400 shares, as follows:

Serial No. Time of Share Change Share Change Amount of Share Change Announcement Index

(Shares)

About 2020 Restrictiveness

The 2020 Restricted Stock Stock Incentive Plan was granted for the first time

1 March 30, 2023 Incentive Plan Partial Restriction 785,788 Part 1st Vesting Period First

The new vesting results of the Japanese stock vesting and the listing of the shares

Announcement on the Completion of Share Registration (Announcement No.:

2023-030）

2020, 2022 About 2020, 2022

Restricted stock incentive plan for the year

2 May 24, 2023 Partial restricted stock vested in 829,650 First grant portion of the first vesting

The new shares of the Japanese are completed and the vesting results of the period are on the shares

Register the city's announcement (Announcement Edition

No.: 2023-035)

2020, 2022 About 2020, 2022

Restricted stock incentive plan for the year

3 On October 11, 2023, some restricted shares were vested in 383,398 restricted shares

Announcement on the Completion of the Completion of the New Japanese Shares and the Listing of the Shares》

Registration (Announcement No.: 2023-

050）

2020, 2022 About 2020, 2022

Restricted stock incentive plan for the year

4 December 7, 2023 Partial restricted stock vested in 161,714 Partial restricted stock

Announcement on the Completion of the Completion of the New Japanese Shares and the Listing of the Shares》

Registration (Announcement No.: 2023-

056）

2020 Restricted Stocks About 2020 Restricted Stocks

November 20, 2024 Incentive Plan Partial Restriction Ticket Incentive Plan Partial Restriction

5 Day Shares Vested Newly Added 443,850 Shares Vested Results & Shares

Announcement of the completion of the registration of shares (Announcement No.:

2024-045）

Total - 2,604,400 -

In summary, the company's total share capital of 495,887,148 shares was changed to 500,355,082 shares, except for the above,

There were no other changes in the number of shares of the company.

3. The relevant commitments of the restricted shares listed and circulated this time

The new shares obtained by the shareholders of the above-mentioned restricted shares due to their participation in the exercise of this option shall not be reduced within three years from the date of their own rights in accordance with the relevant laws and regulations and the provisions of the 2019 stock option incentive plan. The transfer shall comply with the relevant laws, regulations, normative documents and relevant provisions of the 2019 stock option incentive plan, as well as the voluntary commitments of the incentive recipients, in accordance with the applicable Company Law, the Securities Law of the People's Republic of China, the Rules for the Listing of Stocks on the Science and Technology Innovation Board of the Shanghai Stock Exchange, the Rules for the Listing of Stocks on the Science and Technology Innovation Board of the Shanghai Stock Exchange, and the Questions and Answers on the Review of the Issuance and Listing of Stocks on the Science and Technology Innovation Board of the Shanghai Stock Exchange.

Fourth, the restricted shares listed and circulated this time

(1) The number of restricted shares in circulation in this listing is 718,357 shares;

(2) The date of this listing and circulation is January 7, 2025;

(3) Detailed list of restricted shares listed and circulated:

Serial number Name of shareholder Position Number of circulating in this listing

(Shares)

1 Other employees (excluding independent directors and supervisors) 718,357

Total 718,357

(4) Listing and circulation of restricted shares:

Serial No. Type of Restricted Shares Number of Shares Circulating in this Listing (Shares)

1 2019 Stock Option Incentive Plan Second Exercise Period Second 718,357

The line has the right to sell shares

Total 718,357

The announcement is hereby made.

Board of Directors of VeriSilicon Microelectronics (Shanghai) Co., Ltd

December 26, 2024