Announcement on Early Redemption of "Zhongchong Convertible 2" and Suspension of Trading

Securities Code: 002891 Bond Code: 127076 Securities Abbreviation: Zhongchong Co., Ltd. Bond Abbreviation: Zhongchong Convertible 2 Announcement Number: 2026-031

Yantai Zhongchong Foods Co., Ltd.

Announcement on Early Redemption of "Zhongchong Convertible 2" and Suspension of Trading

The Company and all members of its board of directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and that there are no false records, misleading statements, or material omissions.

Special Notice:

1. Last Trading Day: April 1, 2026 April 1, 2026, is the last trading day for "Zhongchong Convertible 2." On this day, "Zhongchong Convertible 2" will be abbreviated as "Z Zhongchong Convertible 2." After the market closes on April 1, 2026, "Zhongchong Convertible 2" will be suspended from trading.

2. Last Conversion Day: April 7, 2026 April 7, 2026, is the last conversion day for "Zhongchong Convertible 2." Before the market closes on this day, holders of "Zhongchong Convertible 2" can still convert their bonds. After the market closes on April 7, 2026, unconverted "Zhongchong Convertible 2" will cease to be convertible.

3. As of the close of trading on March 30, 2026, there are only 2 trading days remaining until the suspension of trading for "Zhongchong Convertible 2" (April 2, 2026), and only 5 trading days remaining until the suspension of conversion/redemption for "Zhongchong Convertible 2" (April 8, 2026). The Company hereby reminds investors to carefully read the content of this announcement, pay attention to relevant risks, and trade "Zhongchong Convertible 2" cautiously.

4. Risk Warning: The redemption price of "Zhongchong Convertible 2" may differ significantly from its market price before the suspension of trading and conversion. Holders are reminded to convert their bonds within the specified period. Investors who fail to convert their bonds in a timely manner may face losses. Investors are urged to be aware of investment risks.

5. Redemption Price of "Zhongchong Convertible 2": RMB 100.678 per unit (including interest and taxes, with a current annual interest rate of 1.50%). The redemption price after tax will be subject to the price approved by China Securities Depository and Clearing Corporation Limited Shenzhen Branch (hereinafter referred to as "ChinaClear").

6. Trigger Date for Conditional Redemption Clause: March 13, 2026

7. Redemption Registration Date: April 7, 2026

8. Redemption Date: April 8, 2026

9. Suspension of Trading Date: April 2, 2026

10. Suspension of Conversion Date: April 8, 2026

11. Issuer's Funds Arrival Date (Arrival at ChinaClear Account): April 13, 2026

12. Investor Redemption Funds Arrival Date: April 15, 2026

13. Redemption Category: Full Redemption

14. Last Trading Day Convertible Bond Abbreviation: Z Zhongchong Convertible 2

15. According to the arrangement, after the market closes on April 7, 2026, any unconverted "Zhongchong Convertible 2" will be mandatorily redeemed. Holders of "Zhongchong Convertible 2" are reminded to convert their bonds within the specified period. After this redemption, "Zhongchong Convertible 2" will be delisted from the Shenzhen Stock Exchange.

The stock price of Yantai Zhongchong Foods Co., Ltd. (hereinafter referred to as the "Company") has been no less than 130% of the current conversion price of "Zhongchong Convertible 2" (RMB 27.46 per share), which is RMB 35.70 per share, for fifteen trading days from February 13, 2026, to March 13, 2026. In accordance with the provisions of the conditional redemption clause in the "Prospectus for the Public Offering of Convertible Corporate Bonds of Yantai Zhongchong Foods Co., Ltd." (hereinafter referred to as the "Prospectus"), the conditional redemption clause for "Zhongchong Convertible 2" has been triggered.