Progress Announcement on the Company's Share Buyback

Ningbo Dongli Co., Ltd. (hereinafter referred to as "the Company") held the 10th (temporary) meeting of the 7th Board of Directors on March 24, 2026, where it reviewed and approved the proposal on the share buyback plan. The Company agreed to use its own funds and self-raised funds (including funds from special loans for stock buybacks) to repurchase shares through centralized bidding, intended for the implementation of an employee stock ownership plan or equity incentives. The total amount for the buyback will not be less than RMB 60 million (inclusive) and not exceed RMB 120 million (inclusive); the repurchase price will not exceed RMB 20.30 per share (inclusive), and the buyback period will be within 12 months from the date of the board's approval of this buyback plan. For specific details, please refer to the announcements published on March 25, 2026, and April 2, 2026, in the Securities Times, Shanghai Securities Journal, and the Giant Tide Information Network (http://www.cninfo.com.cn) regarding the "Resolution Announcement of the 10th (Temporary) Meeting of the 7th Board of Directors" (Announcement No.: 2026-002), "Announcement on the Share Buyback Plan" (Announcement No.: 2026-003), and "Buyback Repo