Hangzhou GreatStar Industrial Co., Ltd. Acquisition Report

Hangzhou GreatStar Industrial Co., Ltd.

Acquisition Report

Listed Company Name: Hangzhou GreatStar Industrial Co., Ltd.

Stock Exchange: Shenzhen Stock Exchange

Stock Abbreviation: GreatStar Industrial

Stock Code: 002444.SZ

Acquirer Name: Qiu Jianping

Address/Correspondence Address: No. 35 Jiuhuan Road, Shangcheng District, Hangzhou

Person Acting in Concert: Wang Lingling

Person Acting in Concert: GreatStar Holding Group Co., Ltd.

Address/Correspondence Address: Building A, Block 4, No. 63 Jiuhuan Road, Jiubao Town, Shangcheng District, Hangzhou

Signing Date: June 2026

Acquirer Statement

1. This report is prepared in accordance with the Securities Law, the Administrative Measures for the Takeover of Listed Companies, the Format Guidelines No. 16, and relevant laws, regulations, and normative documents.

2. In accordance with the relevant provisions of the Securities Law and the Administrative Measures for the Takeover of Listed Companies, this report has fully disclosed the shareholdings of the acquirer and their persons acting in concert in Hangzhou GreatStar Industrial Co., Ltd. As of the signing date of this report, except for the shareholding information disclosed herein, the acquirer and their persons acting in concert do not hold any other interests in Hangzhou GreatStar Industrial Co., Ltd. through any other means.

3. The acquirer and their persons acting in concert have obtained the necessary authorizations and approvals to sign this report, and the fulfillment of their obligations does not violate or conflict with any terms in their articles of association or internal rules.

4. This acquisition involves the controlling shareholder of Hangzhou GreatStar Industrial Co., Ltd., GreatStar Holding Group Co., Ltd., proposing to transfer 3.5 million shares of the company (unrestricted tradable shares, accounting for 0.29% of the company's total share capital) to the company's actual controller, Mr. Qiu Jianping, via block trade.

5. Following this transaction, the acquirer, Mr. Qiu Jianping, and his persons acting in concert hold more than 30% of the issued shares of the listed company, triggering the acquirer's obligation to make a tender offer. Given that the transferor, GreatStar Holding, is an enterprise under the actual control of the transferee, Mr. Qiu Jianping, this transfer is conducted between different entities under the same actual controller. Pursuant to Article 62, Paragraph 1 of the Administrative Measures for the Takeover of Listed Companies, this does not lead to a change in the actual controller of the listed company, and the acquirer is exempt from increasing shareholdings via a tender offer.

6. This acquisition is conducted based on the information stated in this report. Except for the professional institutions engaged by the acquirer and their persons acting in concert, no other person has been entrusted or authorized to provide information not contained in this report or to make any explanation or statement regarding this report.

7. The acquirer and their persons acting in concert promise that this report does not contain any false records, misleading statements, or major omissions, and they bear individual and joint legal responsibility for its authenticity, accuracy, and completeness.

Table of Contents

1. Definitions

2. Section 1: Introduction to the Acquirer

3. Section 2: Decision and Purpose of Acquisition

4. Section 3: Method of Acquisition

5. Section 4: Sources of Acquisition Funds

6. Section 5: Exemption from Tender Offer

7. Section 6: Subsequent Plans

8. Section 7: Analysis of Impact on the Listed Company

9. Section 8: Major Transactions with the Listed Company

10. Section 9: Trading of Listed Company Shares in the Previous 6 Months

11. Section 10: Financial Data of the Acquirer and Persons Acting in Concert

12. Section 11: Other Major Matters

13. Section 12: Documents Available for Inspection

Definitions

In this report, unless otherwise specified, the following terms have the following meanings: