Announcement on the Change of Purpose and Cancellation of Repurchased Shares

Shenzhen Tefa Information Co., Ltd. (hereinafter referred to as the "Company") held the 28th meeting of the 9th Board of Directors on February 26, 2026, where it reviewed and approved the proposal on changing the purpose of repurchased shares and their cancellation. To enhance the company's long-term investment value, improve earnings per share, and further boost investor confidence, the Board agreed to change the purpose of 31,951,811 shares held in the company's repurchase special securities account from "for implementing equity incentive plans or employee stock ownership plans" to "for cancellation and corresponding reduction of registered capital." After this change and the completion of the cancellation procedures, the company's total share capital will decrease by 31,951,811 shares, and the registered capital will decrease by 31,951,811 yuan. This proposal still requires submission to the company's shareholders' meeting for review. The relevant matters are announced as follows: