000989SZSE

Announcement on Shareholding Reduction by Shareholder Exceeding 5% Reaching Integer Multiples of 1%

Jiuzhitang Co., Ltd.·

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Jiuzhitang Co., Ltd. announces that shareholder Li Zhenguo's reduction of company shares has reached an integer multiple of 1%. Li Zhenguo reduced his holdings by 3,700,000 shares, representing 0.44% of the total share capital. His shareholding decreased from 18.11% to 17.67%. The reduction was for repaying pledged loan principal and interest.

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Securities Code: 000989 Securities Abbreviation: Jiuzhitang Announcement Number: 2026-049 Announcement Document

Jiuzhitang Co., Ltd.

Announcement on Shareholding Reduction by Shareholder Exceeding 5% Reaching Integer Multiples of 1%

Shareholder Li Zhenguo guarantees that the information provided to this company is true, accurate, and complete, and contains no false records, misleading statements, or material omissions.

The company and all members of the board of directors guarantee that the content of the announcement is consistent with the information provided by the information disclosure obligor.

Jiuzhitang Co., Ltd. (hereinafter referred to as "the Company" or "Jiuzhitang") disclosed the "Announcement on Pre-disclosure of Shareholding Reduction by Shareholder Exceeding 5%" (Announcement Number: 2026-001) on January 16, 2026. Li Zhenguo, a shareholder exceeding 5% of the Company's shares, Vice Chairman, and General Manager (holding 161,898,371 shares of the Company, accounting for 18.91% of the total share capital, and 19.13% of the total share capital excluding shares in the repurchase account) planned to reduce his holdings by no more than 16,925,600 shares within three months from 15 trading days after the disclosure of this announcement, through centralized bidding or block trading, which is no more than 2% of the total share capital excluding shares in the repurchase account.

On February 11, 2026, the Company disclosed the "Announcement on Shareholding Reduction by Shareholder Exceeding 5% Reaching 1% Integer Multiple" (Announcement Number: 2026-003). Li Zhenguo reduced his holdings by 8,620,000 shares through block trading on February 9, 2026, accounting for 1.02% of the total share capital excluding shares in the repurchase account. Li Zhenguo's shareholding decreased from 161,898,371 shares to 153,278,371 shares, and his shareholding ratio (calculated based on the total share capital excluding shares in the repurchase account, hereinafter referred to as the same) decreased from 19.13% to 18.11%.

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