Simplified Report on Equity Changes

1. Declaration of Information Disclosure Obligation

1. The information disclosure obligation party has prepared this report in accordance with the Securities Law of the People's Republic of China, the Measures for the Administration of Acquisitions of Listed Companies, and the Guidelines for the Content and Format of Information Disclosure by Companies Issuing Securities No. 15 - Report on Equity Changes.
2. The information disclosure obligation party has obtained the necessary authorization and approval to sign this report, and its execution does not violate any provisions of the company's articles of association or internal rules.
3. This report comprehensively discloses the changes in equity held by the information disclosure obligation party in Zhejiang Shibao Co., Ltd. As of the date of signing this report, the information disclosure obligation party has not increased or decreased its equity in Zhejiang Shibao Co., Ltd. through any other means apart from what is disclosed in this report.
4. The equity change is based on the information contained in this report. The information disclosure obligation party has not entrusted or authorized any other person to provide information not listed in this report or to make any explanations or clarifications regarding this report.
5. The information disclosure obligation party commits that this report does not contain false records, misleading statements, or significant omissions, and assumes legal responsibility for its truthfulness, accuracy, and completeness.

2. Table of Contents

• Declaration of Information Disclosure Obligation
• Section 1: Definitions
• Section 2: Introduction of the Information Disclosure Obligation Party
• Section 3: Purpose of Equity Changes and Shareholding Plan
• Section 4: Method of Equity Changes
• Section 5: Trading of Listed Company Shares in the Past Six Months
• Section 6: Other Significant Matters
• Section 7: Documents for Reference
• Section 8: Declaration of Information Disclosure Obligation Party
• Appendix: Simplified Report on Equity Changes

3. Definitions

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

• Zhejiang Shibao, listed company, company refers to Zhejiang Shibao Co., Ltd.
• Information disclosure obligation party, Shibao Holdings refers to Zhejiang Shibao Holdings Group Co., Ltd.
• CSRC refers to the China Securities Regulatory Commission.
• SZSE refers to the Shenzhen Stock Exchange.
• Shares refer to A-share common stock.
• Yuan, ten thousand refers to RMB Yuan, RMB ten thousand.
• This report refers to the "Simplified Report on Equity Changes of Zhejiang Shibao Co., Ltd."
• This equity change refers to the changes in equity disclosed by the information disclosure obligation party in this report.
• If the total number in this report does not match the sum of the individual figures due to rounding, it is caused by rounding.

4. Introduction of the Information Disclosure Obligation Party

1. Basic Information of the Information Disclosure Obligation Party
   • Company Name: Zhejiang Shibao Holdings Group Co., Ltd.
   • Unified Social Credit Code: 9133078275193535XK
   • Legal Representative: Zhang Shizhong
   • Registered Capital: RMB 50 million
   • Registered Address: No. 1, Building 26, Xijiang Yayuan South District, Choujiang Street, Yiwu City, Zhejiang Province
   • Company Type: Limited Liability Company (Natural Person Investment or Holding)
   • Business Scope: Industrial investment (projects prohibited, restricted, or permitted by national laws and regulations)