Core Source Holdings: 57,000 restricted shares from the 2020 incentive plan will be listed.

Sinewave Corporation announced that the second batch of the third vesting period of the 2020 Restricted Stock Incentive Plan has completed the registration procedures. A total of 18 individuals are included in this vesting incentive, with the vested shares coming from the targeted issuance of A shares to the incentive recipients, totaling 57,000 shares. The shares will be available for trading on the market in 2026, with Vice President Wang Zhiwei being vested with 12,500 shares. Directors and executives are restricted to transferring no more than 25% of their total holdings each year during their tenure, and are prohibited from transferring shares within six months of leaving the company. Following this vesting, the company's total share capital has increased to 525,915,273 shares, with no impact on controlling rights. While there may be dilution of earnings per share, there will be no significant impact on the financial and operational results.