Giant Rope Co., Ltd. Announcement on the Adjustment of the Controlling Shareholder's Internal Equity Structure and Related Party Transactions

Securities Code: 002342 Securities Abbreviation: Giant Rope Announcement No.: 2026-028

Giant Rope Co., Ltd. Announcement on the Adjustment of the Controlling Shareholder's Internal Equity Structure and Related Party Transactions

The Company and the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed herein, and that there are no false records, misleading statements, or material omissions.

Key Content Highlights:

1. Mr. Yang Jianguo, Ms. Yang Saide, and Ms. Yang Siru, shareholders of Giant Group Co., Ltd. (hereinafter referred to as "Giant Group" or "Controlling Shareholder"), have signed "Equity Transfer Agreements" with Mr. Yang Jianzhong. The aforementioned parties have agreed to transfer a total of 202.575 million shares of Giant Group (accounting for 55.50% of the total share capital of Giant Group) to Mr. Yang Jianzhong. Upon completion of the transfer, Mr. Yang Jianzhong will hold a total of 302.95 million shares of Giant Group (accounting for 83.00% of the total share capital of Giant Group). Mr. Yang Jianzhong's indirect equity interest in the Company through his shareholding in Giant Group will increase by 8.34% to 12.48% (hereinafter referred to as "this equity change").

2. This equity change does not involve a mandatory tender offer, will not result in a change of the Company's controlling shareholder or actual controller, will not lead to any significant change in the Company's main business, and will not have a material adverse impact on the Company's financial condition. It also does not harm the interests of the Company and its minority investors.

3. In accordance with the "Administrative Measures for the Takeover of Listed Companies," this equity change requires the information disclosure obligor to fulfill relevant information disclosure obligations.

4. This equity transfer agreement has been approved by the Market Supervision Administration of Xushui District, Baoding City, Hebei Province, and the industrial and commercial change registration procedures have been completed. Investors are kindly advised to pay attention to investment risks.

On April 24, 2026, Giant Rope Co., Ltd. (hereinafter referred to as the "Company") received notification from its controlling shareholder, Giant Group Co., Ltd. (hereinafter referred to as "Giant Group" or "Controlling Shareholder"), that an internal equity structure change occurred within Giant Group, and the industrial and commercial change registration procedures were approved by the Market Supervision Administration of Xushui District, Baoding City, Hebei Province on April 24, 2026. The adjustment of the equity structure among shareholders within Giant Group is hereby announced as follows:

I. Overview of This Equity Change

1. Basic Situation of This Equity Change

On April 24, 2026, Mr. Yang Jianguo, Ms. Yang Saide, and Ms. Yang Siru, shareholders of Giant Group, signed "Equity Transfer Agreements" with Mr. Yang Jianzhong. The aforementioned parties have agreed to transfer a total of 202.575 million shares of Giant Group (accounting for 55.50% of the total share capital of Giant Group) to Mr. Yang Jianzhong. Upon completion of the transfer, Mr. Yang Jianzhong will hold a total of 302.95 million shares of Giant Group, accounting for 83.00% of the total share capital of Giant Group. Mr. Yang Jianzhong's indirect equity interest in the Company through his shareholding in Giant Group will increase by 8.34% to 12.48% (hereinafter referred to as "this equity change").

The equity structure of Giant Group before and after the internal equity structure change is as follows: