Announcement on Early Redemption of "Keli Convertible Bonds" and Upcoming Suspension of Conversion

Securities Code: 002850 Bond Code: 127066 Securities Abbreviation: Keda Industrial Bond Abbreviation: Keli Convertible Bonds Announcement No.: 2026-051

Shenzhen Keda Industrial Co., Ltd.

Announcement on Early Redemption of "Keli Convertible Bonds" and Upcoming Suspension of Conversion

The Company and all members of the Board of Directors guarantee the content of the information disclosure is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.

Key Information Highlights:

1. Last Conversion Date: June 12, 2026 June 12, 2026, is the last day for "Keli Convertible Bonds" to be converted into shares. Investors holding "Keli Convertible Bonds" can still convert them before the market closes on that day. After the market closes on June 12, 2026, any unconverted "Keli Convertible Bonds" will cease to be convertible and will be mandatorily redeemed at a price of 101.405 RMB per unit (including interest and taxes). If mandatorily redeemed, investors may face losses. Investors are advised to be aware of investment risks. As of the close of trading on June 10, 2026, there are only 2 trading days left until the suspension of conversion for "Keli Convertible Bonds" (June 15, 2026). It is specially reminded that holders of "Keli Convertible Bonds" should carefully read this announcement, fully understand the relevant risks, pay attention to the last conversion date, and make investment decisions prudently.
2. Holders of "Keli Convertible Bonds" are specially reminded to convert their bonds within the validity period.

Special Reminders:

1. Bond Redemption Date: June 15, 2026

2. Bond Redemption Price: 101.405 RMB per unit (including current accrued interest, with a current annual interest rate of 1.5%, and current interest is tax-inclusive). The redemption price after tax deduction shall be subject to the price approved by China Securities Depository and Clearing Corporation Limited Shenzhen Branch (hereinafter referred to as "ChinaClear Shenzhen Branch").

3. Bond Redemption Funds Arrival Date: June 23, 2026

4. Bond Suspension of Trading Date: June 10, 2026

5. Bond Suspension of Conversion Date: June 15, 2026

6. Bond Redemption Condition Met Date: May 18, 2026

7. Bond Redemption Registration Date: June 12, 2026

8. Issuer's Redemption Funds Arrival Date (Arrival at ChinaClear Shenzhen Branch Account): June 15, 2026

9. Redemption Category: Full Redemption

10. Last Trading Day Convertible Bond Abbreviation: Z Li Zhuan Zhai

11. According to the arrangement, after the market closes on June 12, 2026, any unconverted "Keli Convertible Bonds" will be mandatorily redeemed at a price of 101.405 RMB per unit (including interest and taxes). After this redemption, "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 validity period. If the "Keli Convertible Bonds" held by bondholders are pledged or frozen, it is recommended to release the pledge or freeze before the suspension of conversion date to avoid mandatory redemption due to inability to convert.

12. Risk Warning: Due to the significant difference between the current secondary market price of "Keli Convertible Bonds" and the redemption price, holders of "Keli Convertible Bonds" are reminded to convert their bonds within the validity period. If investors fail to convert their bonds in a timely manner, they may face losses. Investors are kindly advised to be aware of the risks.

From April 16, 2026, to May 18, 2026, the stock price of Shenzhen Keda Industrial Co., Ltd. (hereinafter referred to as the "Company") met the condition of having its closing price not lower than 130% of the current conversion price of "Keli Convertible Bonds" (i.e., 193.31 RMB per share) for at least fifteen trading days out of any thirty consecutive trading days. According to the relevant provisions of the conditional redemption clause in the "Prospectus for the Public Offering of Convertible Corporate Bonds of Shenzhen Keda Industrial Co., Ltd." (hereinafter referred to as the "Prospectus"), the conditional redemption clause for "Keli Convertible Bonds" has been met.