Announcement on Associated Transaction for Acquiring Equity of Ice Mountain Technology Service (Dalian) Co., Ltd.

Securities Code: 000530; 200530 Securities Abbreviation: Ice Mountain Refrigeration; Ice Mountain B Announcement No.: 2026-027

Ice Mountain Refrigeration Technology Co., Ltd.

Announcement on Associated Transaction for Acquiring Equity of Ice Mountain Technology Service (Dalian) Co., Ltd.

The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the contents of this announcement, and there are no false records, misleading statements, or major omissions.

I. Overview of Associated Transactions

1. Basic Situation of Associated Transactions

Ice Mountain Technology Service (Dalian) Co., Ltd. ("Ice Mountain Service") is jointly held by Dalian Ice Mountain Group Co., Ltd. ("Ice Mountain Group"), Dalian Zhonghuida Refrigeration Technology Co., Ltd. ("Zhonghuida"), and Dalian Zhixintong Enterprise Management Partnership (Limited Partnership) ("Zhixintong"). Ice Mountain Service is mainly engaged in businesses such as parts maintenance, computer room hosting, and energy-saving renovation. Ice Mountain Group holds 57% of the equity in Ice Mountain Service, Zhonghuida holds 25% of the equity, and Zhixintong holds 18% of the equity.

To efficiently promote service integration and actively develop producer services, the Company intends to acquire 57% of the equity in Ice Mountain Service held by Ice Mountain Group, 25% of the equity held by Zhonghuida, and 18% of the equity held by Zhixintong. After this equity acquisition, the Company will hold 100% of the equity in Ice Mountain Service.

1. Since Ice Mountain Group is the controlling shareholder of the Company, and some directors of the Company serve as directors in Zhonghuida, and senior management of the controlling shareholder serves as directors in Zhixintong, Ice Mountain Group, Zhonghuida, and Zhixintong are all associated legal persons of the Company. Therefore, this transaction constitutes an associated transaction.

2. The Company's Tenth Board of Directors' Tenth Meeting held on August 12, 2026, deliberated and approved the proposal regarding the aforementioned associated transaction with a vote of 4 in favor, 0 against, and 0 abstentions. Associated directors Ji Zhijian, Cai Liyong, Xu Wei, Michido Tetsuya, and Nishimoto Shigenori recused themselves from deliberating this proposal. Independent directors held a special meeting of independent directors on August 3, 2026, to review this proposal and agreed to submit it to the Tenth Board of Directors' Tenth Meeting for deliberation. This transaction does not require shareholder approval.

3. This associated transaction does not constitute a major asset restructuring as defined by the "Administrative Measures for Major Asset Restructuring of Listed Companies" and does not require approval from relevant departments.

II. Basic Information of Transaction Counterparties

(I) Ice Mountain Group (Associated Party One)

1. Basic Information of Associated Party

Company Name: Dalian Ice Mountain Group Co., Ltd.

Nature of Enterprise: Limited Liability Company (Sino-foreign Joint Venture)

Registered Address: No. 106 Liaohe East Road, Dalian Economic and Technological Development Zone

Legal Representative: Ji Zhijian

Registered Capital: RMB 111.08 million

Unified Social Credit Code: 912102002412917931

Business Scope: Research, development, manufacturing, sales, service, and installation of industrial refrigeration products, frozen and refrigerated products, large, medium, and small air conditioning products, petrochemical equipment products, electronic and electrical control products, household appliance products, environmental protection equipment products, etc.; commercial consulting services, economic information services (excluding educational training and schooling).

Major Shareholders of Ice Mountain Group:

[Chart: Ice Mountain Group Shareholding Structure]

1. Historical Evolution and Main Business of Associated Party

Dalian Ice Mountain Group Co., Ltd. was established on July 3, 1985, and is a mixed-ownership enterprise group with diversified investment entities. It focuses on the cold and hot industry, with a business scope covering industrial refrigeration and heating, commercial freezing and refrigeration, air conditioning and environment, compressors and core components, industrial interconnection and intelligent control, etc. (engaged through invested enterprises).

1. Associated Relationship Between the Company and the Associated Party