Announcement on Debt Exemption and Connected Transactions

Securities Code: 002634 Securities Abbreviation: *ST Bangjie Announcement No.: 2026-073

Zhejiang Bangjie Holdings Group Co., Ltd.

Announcement on Debt Exemption and Connected Transactions

The Company and the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or major omissions.

Special Risk Warning:

(I) As of the date of this announcement, the company's pre-restructuring work is in progress. Please pay attention to subsequent announcements regarding the progress of the company's pre-restructuring matters. The legality and compliance of the investment and debt agreements and arrangements related to the company's restructuring, and whether the company enters the restructuring procedure are still uncertain. Regardless of whether the company enters the restructuring procedure, the company will actively manage its daily production and operation on the existing basis. If the company receives the court's acceptance document for the restructuring application, it will fulfill its information disclosure obligations in a timely manner. As of the date of this announcement, the company has not yet received the relevant legal documents from the court regarding the acceptance of the restructuring application. According to Article 9.4.1 (IX) of the "Shenzhen Stock Exchange Stock Listing Rules," if the court rules to accept the applicant's restructuring application, the Shenzhen Stock Exchange will implement a delisting risk warning on the company's stock. Investors are kindly reminded to pay attention to investment risks.

If the restructuring fails and the company is declared bankrupt, its stock may face the risk of termination of listing. If the court accepts the applicant's restructuring application and the restructuring is successfully completed, it will help improve the company's asset-liability structure and promote its healthy development. However, even if the court formally accepts the restructuring application, there is still a risk of bankruptcy and liquidation if the restructuring fails. If the restructuring fails, the company will face the risk of bankruptcy. If the company is declared bankrupt, according to the relevant provisions of the "Stock Listing Rules," the company's stock will face the risk of termination of listing. Investors are kindly reminded to pay attention to investment risks.

(II) The company's stock has been subject to a delisting risk warning and other risk warnings.

1. On April 25, 2026, the company disclosed its "2025 Annual Report." The audited annual report shows that the company's net assets at the end of 2025 were negative. According to Article 9.3.1, Section 1, Item 2 of the "Shenzhen Stock Exchange Stock Listing Rules" (hereinafter referred to as the "Stock Listing Rules"), the company's stock trading was subject to a delisting risk warning.

2. The audited annual report shows that the company's net profit after deducting non-recurring gains and losses in 2025 was also negative. Furthermore, the company's 2025 financial report was issued with an unqualified audit opinion with a paragraph on significant uncertainty regarding going concern. In addition, the company's net profit after deducting non-recurring gains and losses was negative in both 2023 and 2024. According to Article 9.8.1 (VII) of the "Stock Listing Rules," the company's stock trading was subject to other risk warnings.