Announcement on the Progress of Major Arbitration Cases of the Company

Securities Code: 002124 Securities Abbreviation: Tianbang Food Announcement No.: 2026-038

Tianbang Food Co., Ltd.

Announcement on the Progress of Major Arbitration Cases of the Company

The Company and all members of the Board of Directors guarantee the content of the information disclosure is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.

Special Reminder:

1. Litigation Stage of the Case: Enforcement Stage. JianDe Nongfa Animal Husbandry Technology Co., Ltd. (hereinafter referred to as "JianDe Nongfa"), one of the involved subsidiaries, received the "Confirmation Letter on the Transfer of Management Rights of JianDe Nongfa Animal Husbandry Technology Co., Ltd."

2. Party Status of the Listed Company: Enforcement Debtor.

3. Amount Involved: The cases involve engineering fees of RMB 1.296 billion and fund occupation fees, late fees, and arbitration fees from five subsidiaries.

4. Impact on the Company's Profit and Loss: As of now, the restructuring plan for JianDe Nongfa has not been finalized, and subsequent restructuring matters remain uncertain. The Company has performed preliminary accounting for the derecognition of JianDe Nongfa in accordance with "Chapter 20 Consolidation of Enterprises" of the "Accounting Standards for Business Enterprises" and the "Guideline for the Application of Regulatory Rules - Accounting Class No. 3". At the time of derecognition, JianDe Nongfa's net assets attributable to the parent company were -RMB 151.9621 million, and amounts payable to the Company were RMB 92.9784 million. The Company has fully provided for bad debt losses, with an estimated impact on the consolidated net profit of RMB 58.9837 million. The final impact amount is subject to the Company's annual audit results.

I. Basic Situation of the Arbitration Matter

In March 2024, Zhejiang Construction Investment Group Co., Ltd. (hereinafter referred to as "Zhejiang Construction") filed an arbitration application with the Hangzhou Arbitration Commission due to a dispute over a construction contract. Zhejiang Construction requested that the respondents, Huzhou Wuxing Nongfa Animal Husbandry Co., Ltd. (hereinafter referred to as "Wuxing Nongfa"), Quzhou Yihai Agriculture Development Co., Ltd. (hereinafter referred to as "Yihai Agriculture"), Huzhou Nanxun Nongfa Animal Husbandry Co., Ltd. (hereinafter referred to as "Nanxun Nongfa"), Hangzhou Fuyang Nongfa Ecological Breeding Co., Ltd. (hereinafter referred to as "Fuyang Nongfa"), JianDe Nongfa Animal Husbandry Technology Co., Ltd. (hereinafter referred to as "JianDe Nongfa"), and Hangzhou Hanshiwei Food Co., Ltd. (hereinafter referred to as "Hangzhou Hanshiwei"), and Tianbang Food pay engineering fees, fund occupation fees, late fees, and arbitration fees. In July 2024, the Company received five arbitration award documents issued by the Hangzhou Arbitration Commission for arbitration cases (2024) Hang Zhong 01 Cai Zi No. 532, No. 533, No. 534, No. 535, and No. 544, which ruled that the respondents were jointly and severally liable for the payment of engineering fees of RMB 1,150,952,497.40, fund occupation fees, late fees, arbitration fees, and attorney fees. Hangzhou Hanshiwei and Tianbang Food were jointly and severally liable for the debts determined in the five arbitration awards. For the basic situation of this case, please refer to the "Announcement on Cumulative Litigation and Arbitration Cases" disclosed by the Company on the Juchao Information Network (http://www.cninfo.com.cn) on March 26, 2024 (Announcement No.: 2024-045).