BASICSEMI (09971) plans to adopt an H-shares equity incentive plan.

BASICSEMI (09971) announced that on August 11, 2026, the board of directors has resolved to propose the adoption of the H-share equity incentive plan. The company will hold a shareholders' meeting to seek shareholder approval for (among other things) the adoption of the H-share equity incentive plan and to authorize the board of directors and/or authorized persons to handle matters related to the H-share equity incentive plan. The purpose of the H-share equity incentive plan is to provide eligible participants the opportunity to acquire equity interests in the company and to motivate eligible participants to dedicate themselves to enhancing the value of the company and its shares, promoting the long-term development of the group, benefiting the group and all shareholders. The H-share equity incentive plan is expected to provide the group with a flexible avenue for hiring, retaining, incentivizing, rewarding, compensating, and/or providing benefits to eligible participants.