Announcement on Progress of Controlling Shareholder's Agreement Transfer of Part of Company Shares

Securities Code: 002329 Securities Abbreviation: Huangshi Group Announcement Number: 2026-027

Huangshi Group Co., Ltd.

Announcement on Progress of Controlling Shareholder's Agreement Transfer of Part of Company Shares

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

Special Notice:

1. On April 10, 2026, Huangshi Group Co., Ltd. (hereinafter referred to as "Huangshi Group" or "the Company"), its controlling shareholder, and actual controller Mr. Huang Jiade signed the "Agreement for the Transfer of Shares of Huangshi Group Co., Ltd." (hereinafter referred to as the "Original Agreement") with Beijing Shenxiang Investment Co., Ltd. (hereinafter referred to as "Beijing Shenxiang"). Due to the failure to meet the conditions stipulated in the Original Agreement, the parties amicably negotiated and signed the "Agreement for the Termination of the Share Transfer Agreement" on July 30, 2026, stipulating that the Original Agreement shall be terminated as of July 30, 2026.

2. On July 30, 2026, Mr. Huang Jiade (hereinafter referred to as the "Transferor") signed the "Agreement for the Transfer of Shares of Huangshi Group Co., Ltd." (hereinafter referred to as the "Share Transfer Agreement") with Shenzhen Jiadao Green Low-Carbon Technology Investment Partnership (Limited Partnership) (hereinafter referred to as "Shenzhen Jiadao" or the "Transferee"). It is agreed that the Transferor will transfer a total of 48,279,430 unrestricted tradable shares of the Company held by him (accounting for 5.80% of the Company's total share capital) to the Transferee (hereinafter referred to as "this Agreement Transfer"). Upon completion of this Agreement Transfer, the Transferee will hold 48,279,430 shares of the Company, accounting for 5.80% of the Company's total share capital, and will become a shareholder holding more than 5% of the Company's shares.

3. This transaction does not involve a mandatory offer, does not involve related party transactions, and will not result in a change of the Company's controlling shareholder or actual controller. It will not have a material impact on the Company's corporate governance structure and continuous operation. This agreement transfer of company shares is subject to confirmation of compliance by the Shenzhen Stock Exchange and the completion of share transfer registration procedures at the Shenzhen Branch of China Securities Depository and Clearing Corporation Limited.

4. Shenzhen Jiadao has pledged that it will not reduce its holdings of the Company's shares acquired in this equity change within 18 months from the completion of this equity change. After the completion of this equity change, any Company shares that increase due to bonus shares, capital reserve conversion, etc., during the aforementioned non-reduction period will also be subject to the aforementioned commitment.

5. The purpose of introducing Shenzhen Jiadao as a shareholder of the Company is mainly to leverage Shenzhen Jiadao's channel advantages to help the Company strengthen the market competitiveness of its main dairy business. The Transferee, Shenzhen Jiadao, and its actual controller currently do not hold any dairy-related assets, and there are no arrangements for asset injection.

I. Progress of Previous Agreement Transfer

(I) Overview of Previous Agreement Transfer

On April 11, 2026, the Company disclosed the "Notice Announcement on the Agreement Transfer of Shares by Controlling Shareholder and Changes in Equity" (Announcement No.: 2026-006). The Company's controlling shareholder and actual controller, Mr. Huang Jiade, signed the "Agreement for the Transfer of Shares of Huangshi Group Co., Ltd." with Beijing Shenxiang on April 10, 2026. Mr. Huang Jiade intended to transfer 48,279,430 unrestricted tradable shares of the Company held by him (accounting for 5.80% of the Company's total share capital) to Beijing Shenxiang through an agreement transfer, with a total transfer price of RMB 180,082,273.90.