Incentive conditions of Kangda new material equity

The equity incentive conditions of Kangda New Materials are performance and the company's share price. Kangda New Materials requires that the implementation of the incentive plan should be formulated according to the company's performance objectives. In order to realize the incentive plan, performance appraisal indicators are formulated. Employees participating in the incentive plan must be closely related to the company's performance goals, and must reach, exceed or maintain the company's performance goals within the specified time. The equity incentive plan of Kangda New Materials also sets relevant stock price conditions, that is, employees participating in the equity incentive plan need to achieve the company's stock price target within the specified time, and keep the company's stock price stable or improved.