Notice on the Judicial Transfer of Dispositional Shares and Changes in Equity under the Restructuring Plan

Stock Code: 002072

Stock Abbreviation: Kaired

Announcement Number: 2025-L044

Kaired Holdings Co., Ltd. announces the following:

The company and all members of the board guarantee that the content of this announcement is true, accurate, and complete, and that there are no false records, misleading statements, or significant omissions.

Special Reminder:

1. The judicial transfer of shares is based on the enforcement of the effective legal documents, including the Civil Ruling No. (2021) E 08 Min Po 1 issued by the Jingmen Intermediate People's Court, and the implementation of the restructuring plan approved by the creditors' meeting on December 6, 2021. The company intends to liquidate 46.1 million shares retained from the restructuring to develop its business, which does not involve changes in other shareholders' shares and will not lead to changes in the company's controlling shareholder or actual controller.

2. A total of 46.1 million shares will be judicially transferred, including 20 million shares to Chen Zhangxun for a transfer price of RMB 89.6 million (accounting for 5.44% of the total share capital) and 26.1 million shares to Zhang Xin for a transfer price of RMB 116.928 million (accounting for 7.10% of the total share capital). Chen Zhangxun and Zhang Xin have committed to lock the transferred shares for 12 months from the date of transfer. If they violate the lock-up period and sell the shares, all proceeds from the sale will belong to Kaired.

3. As of the date of this announcement, the company has received a deposit of RMB 17.92 million from Chen Zhangxun and RMB 23.3856 million from Zhang Xin for the share transfer.

4. The fourth meeting of the eighth board of directors has approved the judicial transfer of 46.1 million shares. The company will hold a shareholders' meeting on September 15, 2025, to vote on the judicial transfer of these shares. The outcome of the shareholders' meeting remains uncertain, and investors should be aware of the associated risks.

1. Basic Information on the Judicial Transfer of Shares

1. The judicial transfer of shares is based on the enforcement of the effective legal documents, including the Civil Ruling No. (2021) E 08 Min Po 1 issued by the Jingmen Intermediate People's Court, and the implementation of the restructuring plan approved by the creditors' meeting on December 6, 2021. The 46.1 million shares available for disposal under the restructuring plan account for 12.54% of the company's total share capital. The shares will be transferred to Chen Zhangxun for RMB 89.6 million (in words: Eighty-Nine Million Six Hundred Thousand Yuan) for 20 million shares (5.44% of the total share capital) and to Zhang Xin for RMB 116.928 million (in words: One Hundred Sixteen Million Nine Hundred Twenty-Eight Thousand Yuan) for 26.1 million shares (7.10% of the total share capital). Prior to this judicial transfer, neither Chen Zhangxun nor Zhang Xin held any shares in the company. This share disposal will not lead to changes in the company's controlling shareholder or actual controller.

2. Purpose of the Judicial Transfer of Shares The Jingmen Intermediate People's Court approved the restructuring plan of Kaired, which stipulates that the retained shares of 46.1 million can be liquidated to develop the business. The parties involved confirm that the purpose of signing the agreement is to implement the restructuring plan.

3. Legal Basis for the Judicial Transfer of Shares The judicial transfer is based on the Civil Ruling No. (2021) E 08 Min Po 1 issued by the Jingmen Intermediate People's Court, which approved the restructuring plan of Kaired.