Announcement on Early Redemption of "Zhongchong Convertible 2" and Impending Cessation of Conversion

Securities Code: 002891 Bond Code: 127076 Securities Abbreviation: Zhongchong Co., Ltd. Bond Abbreviation: Zhongchong Convertible 2 Announcement Number: 2026-034

Yantai Zhongchong Foods Co., Ltd.

Announcement on Early Redemption of "Zhongchong Convertible 2" and Impending Cessation 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.

Special Reminders:

1. Bondholders need to operate conversion themselves; conversion will not be automatic.

2. 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 Convertible 2". Trading of "Zhongchong Convertible 2" will cease after the market closes on April 1, 2026.

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

4. As of the close of trading on April 1, 2026, there are only 3 trading days remaining until the cessation of conversion/redemption date of "Zhongchong Convertible 2" (April 8, 2026). The Company reminds investors to carefully read the content of this announcement, pay attention to the last conversion time, be aware of relevant risks, and trade "Zhongchong Convertible 2" cautiously.

5. Risk Warning: The redemption price of "Zhongchong Convertible 2" may differ significantly from its market price before the cessation of trading and conversion. Holders are reminded to convert within the deadline. Investors who fail to convert in time may face losses. Investors are kindly requested to be aware of investment risks.

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

7. Conditional Redemption Clause Trigger Date: March 13, 2026

8. Redemption Registration Date: April 7, 2026

9. Redemption Date: April 8, 2026

10. Trading Suspension Date: April 2, 2026

11. Conversion Suspension Date: April 8, 2026

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

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

14. Redemption Category: Full Redemption

15. Last Trading Day Convertible Bond Abbreviation: Z Convertible 2

16. According to the arrangement, "Zhongchong Convertible 2" that remains unconverted after the market close on April 7, 2026, will be mandatorily redeemed. Holders of "Zhongchong Convertible 2" are reminded to convert within the deadline. 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" (i.e., RMB 35.70 per share) for fifteen trading days from February 13, 2026, to March 13, 2026. According to the conditional redemption clause in the "Prospectus for Public Issuance of Convertible Corporate Bonds by Yantai Zhongchong Foods Co., Ltd." (hereinafter referred to as the "Prospectus"), the conditional redemption clause has been triggered.

On March 13, 2026, the Company held the twenty-second (extraordinary) meeting of the fourth Board of Directors and deliberated and approved the "Proposal on Early Redemption of 'Zhongchong Convertible 2'". Based on the current market and the Company's own situation, after comprehensive consideration, the Board of Directors decided to exercise the early redemption right of "Zhongchong Convertible 2" and authorized the Company's management to handle all related matters for the subsequent redemption of "Zhongchong Convertible 2". The relevant matters are hereby announced as follows: