Announcement on Providing Guarantees for Bank Credit Applications of the Company and Its Controlling Subsidiaries and Related Transactions

1. Overview of Related Transactions
To better support the business development of Xinjiang Tianshun Supply Chain Co., Ltd. (hereinafter referred to as "the Company") and to ensure the funding needs for normal operations, the Company and its subsidiaries plan to apply for a total bank credit not exceeding 950 million RMB. Within this limit, the Company and its subsidiaries will apply for credit based on actual funding needs. The credit validity period is from the date of approval by the annual general meeting in 2025 until the annual general meeting in 2026. The Company intends to provide guarantees for the aforementioned bank credit using its own assets, including but not limited to mortgages and pledges. Meanwhile, the actual controllers Mr. Wang Puyu and Ms. Hu Xiaoling will provide joint guarantees for the credit based on specific circumstances without charging any guarantee fees or requiring the Company to provide counter-guarantees. The controlling shareholder, Zhoushan Tianshun Equity Investment Co., Ltd. (hereinafter referred to as "Tianshun Investment"), intends to charge guarantee fees for the guarantees provided to the Company and its subsidiaries, calculated based on the guarantee amount * guarantee rate (1% per year) * actual guarantee duration. Zhoushan Tianshun Equity Investment Co., Ltd. is the controlling shareholder of the Company, and Mr. Wang Puyu and Ms. Hu Xiaoling are the actual controllers of the Company. According to the "Shenzhen Stock Exchange Stock Listing Rules" and other relevant regulations, this transaction constitutes a related transaction. The Company held the ninth meeting of the sixth board of directors on February 26, 2026, which approved the proposal with 6 votes in favor, 0 votes against, and 0 abstentions. Ms. Hu Xiaoling, a related director, abstained from voting on the proposal. This related transaction has been approved by the independent directors' special meeting and the board of directors' audit committee. This transaction still requires approval from the shareholders' meeting, and related parties with interests in this transaction will abstain from voting. This related transaction does not constitute a major asset restructuring as defined by the "Measures for the Administration of Major Asset Restructuring of Listed Companies" and does not require approval from relevant authorities.