On September 19, 2024, Zhejiang Tiantie Industry (300587.SZ) announced that the company held the third meeting of the fifth board of directors and the third meeting of the fifth supervisory board. The company reviewed and approved the Proposal on Terminating the Implementation of the Second Restricted Stock Incentive Plan for 2024, and decided to terminate the implementation of the Second Restricted Stock Incentive Plan for 2024 (referred to as 'this incentive plan'), along with the relevant documents, such as the Implementation and Evaluation Management Measures for the Second Restricted Stock Incentive Plan for 2024 of Zhejiang Tiantie Industry Co., Ltd. This matter still needs to be submitted to the shareholders' general meeting for approval.

After the announcement of this incentive plan, the company actively promoted the implementation work of this incentive plan. However, due to various factors such as the market and industry, the company's stock price has fluctuated to a certain extent. It is difficult to achieve the expected incentive purpose and effect by continuing to implement this incentive plan. After comprehensive consideration of the company's development plan, the development of the industry it is in, and the willingness of the incentive recipients, the company has decided to terminate the implementation of this incentive plan, and the accompanying documents such as the Draft of the Second Restricted Stock Incentive Plan for 2024 of Zhejiang Tiantie Industry Co., Ltd., and the Implementation and Evaluation Management Measures for the Second Restricted Stock Incentive Plan for 2024 of Zhejiang Tiantie Industry Co., Ltd. will also be terminated.