Notice on the Ninth Reminder of Early Redemption of Keli Convertible Bonds

Shenzhen Kedali Industrial Co., Ltd.

Notice on the Ninth Reminder of Early Redemption of Keli Convertible Bonds

The company and all members of the board of directors guarantee that the content of this information disclosure is true, accurate, and complete, without false records, misleading statements, or major omissions.

Special Reminder

1. Redemption date of convertible bonds: June 15, 2026
2. Redemption price of convertible bonds: 101.405 CNY per bond (including accrued interest, with an annual interest rate of 1.5%, and the interest is tax-inclusive). The post-tax redemption price will be subject to the approval of the China Securities Depository and Clearing Corporation Limited Shenzhen Branch (hereinafter referred to as "China Clearing Shenzhen Branch").
3. Date of funds arrival for redemption: June 23, 2026
4. Last trading day of convertible bonds: June 10, 2026
5. Last day for conversion of convertible bonds: June 15, 2026
6. Date when redemption conditions are met: May 18, 2026
7. Registration date for redemption of convertible bonds: June 12, 2026
8. Date of funds arrival for the issuer (to the account of China Clearing Shenzhen Branch): June 18, 2026
9. Type of redemption: Full redemption
10. Last trading day convertible bond abbreviation: Z Li Convertible Bonds
11. According to the arrangement, Keli Convertible Bonds that have not been converted by the close of trading on June 12, 2026, will be forcibly redeemed at the price of 101.405 CNY per bond (including interest and tax). After this redemption is completed, Keli Convertible Bonds will be delisted from the Shenzhen Stock Exchange (hereinafter referred to as "SZSE"). Holders of Keli Convertible Bonds are reminded to convert their bonds within the specified period. If there are any pledged or frozen Keli Convertible Bonds held by bondholders, it is recommended to lift the pledge or freeze before the last day for conversion to avoid being forcibly redeemed due to inability to convert.
12. Risk Reminder: Due to the significant difference between the current secondary market price of Keli Convertible Bonds and the redemption price, bondholders are reminded to convert their bonds within the specified period. If investors fail to convert in time, they may face losses; investors are advised to pay attention to risks.

From April 16, 2026, to May 18, 2026, the stock of Shenzhen Kedali Industrial Co., Ltd. (hereinafter referred to as "the Company") has met the condition of having at least 15 trading days with a closing price not lower than 130% of the current conversion price of Keli Convertible Bonds (i.e., 193.31 CNY per share) within a continuous period of thirty trading days. According to the relevant provisions of the "Prospectus for the Public Issuance of Convertible Corporate Bonds by Shenzhen Kedali Industrial Co., Ltd." (hereinafter referred to as "the Prospectus"), the conditional redemption clause of Keli Convertible Bonds has been satisfied. The Company held the 30th (temporary) meeting of the 5th Board of Directors on May 18, 2026, and approved the proposal for the early redemption of Keli Convertible Bonds. Considering the current market and the Company's own situation, to reduce financial costs and subsequent interest expenses, and to improve capital utilization efficiency, the Board of Directors has decided to exercise the early redemption rights of Keli Convertible Bonds and authorized the Company's management and relevant departments to handle all matters related to the subsequent redemption of Keli Convertible Bonds.

I. Issuance and Listing of Convertible Bonds

According to the approval from the China Securities Regulatory Commission (hereinafter referred to as "CSRC") regarding the public issuance of convertible corporate bonds by Shenzhen Kedali Industrial Co., Ltd. (Approval No. [2022] 1143), the Company publicly issued 15,343,705 convertible corporate bonds (hereinafter referred to as "this issuance of convertible bonds") on July 8, 2022, with a face value of 100 CNY per bond and a term of 6 years. With the approval of the SZSE (Document No. [2022] 715), the convertible corporate bonds were listed for trading on the SZSE starting from August 3, 2022, under the abbreviation "Keli Convertible Bonds" and bond code "127066".