Announcement on Re-evaluation and Termination of Partial Fundraising Projects and Continued Deposit of Remaining Raised Funds in Special Accounts

Securities Code: 002843 Securities Abbreviation: Taijia Shares Announcement No.: 2026-011 Hunan Taijia New Materials Co., Ltd. Announcement on Re-evaluation and Termination of Partial Fundraising Projects and Continued Deposit of Remaining Raised Funds in Special Accounts The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, complete, and free from false records, misleading statements, or significant omissions. Hunan Taijia New Materials Co., Ltd. (hereinafter referred to as the "Company" or "Taijia Shares") held the 22nd meeting of the Sixth Board of Directors on March 20, 2026, and deliberated and passed the "Proposal on Re-evaluation and Termination of Partial Fundraising Projects and Continued Deposit of Remaining Raised Funds in Special Accounts." The proposal agreed that the Company would re-evaluate and terminate the "New Energy Power and Energy Storage Power Production Base Project" based on changes in the market environment and the Company's actual situation. The remaining raised funds and the interest income generated from the raised funds will continue to be deposited in the original special account for raised funds. This matter is subject to the approval of the Company's shareholders' meeting. The specific situation is announced as follows: I. Overview of Re-evaluation and Termination of Partial Fundraising Projects (I) Status of Raised Funds According to the "Approval on the Registration of Hunan Taijia New Materials Co., Ltd.'s Private Placement of Shares" (Zhengjian Permit [2023] No. 1900) issued by the China Securities Regulatory Commission, the Company issued 37,557,516 shares at a par value of RMB 1.00 per share and an issuance price of RMB 16.19 per share. The total amount of raised funds was RMB 608,056,184.04. After deducting issuance expenses (excluding VAT) of RMB 22,504,546.08, the net amount of raised funds was RMB 585,551,637.96. The above status of raised funds has been verified by Tianzhi International Certified Public Accountants (Special General Partnership), which issued the capital verification report Tianzhi Accounting Letter [2023] No. 47094. (II) Previous Changes to Fundraising Projects The Company held the 9th meeting of the Sixth Board of Directors and the 8th meeting of the Sixth Supervisory Board on September 12, 2024, and deliberated and passed the "Proposal on Postponement of Some Fundraising Projects." It was agreed that the "R&D Center Construction Project" would be postponed to September 20, 2025, while maintaining the implementation entity, the purpose of using raised funds, and the investment scale. The Company held the 18th meeting of the Sixth Board of Directors and the 15th meeting of the Sixth Supervisory Board on July 14, 2025, and the 2025 Second Extraordinary Shareholders' Meeting on July 31, 2025. The proposal "Proposal on Re-evaluation and Termination of Some Fundraising Projects" was deliberated and passed. It was agreed that the Company would re-evaluate and terminate the "R&D Center Construction Project" based on the external environment and the Company's actual situation. The remaining raised funds not used after the termination of the project will continue to be deposited in the special account for raised funds. The Company held the 18th meeting of the Sixth Board of Directors and the 15th meeting of the Sixth Supervisory Board on July 14, 2025, and deliberated and passed the "Proposal on Postponement of Some Fundraising Projects." It was agreed that the "Hard Alloy Band Saw Blade Production Line Project," "High-Speed Steel Bimetallic Band Saw Blade Production Line Project," and "New Energy Power and Energy Storage Power Production Base Project" would be postponed based on the external environment and the Company's actual situation. The expected date of reaching the state of usability for the above projects has been postponed to September 20, 2026. (III) Actual Use of Raised Funds for Fundraising Projects As of January 31, 2026, the Company's use of raised funds is as follows: