Eighth Notice of Early Redemption of Huaya Convertible Bonds

Suzhou Huaya Intelligent Technology Co., Ltd.

Eighth Notice of Early Redemption of Huaya Convertible Bonds

The Company and all members of its board of directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and are free from any false representations, misleading statements, or material omissions.

Special Notice:

1. Convertible bond redemption date: July 9, 2026

2. Convertible bond redemption price: 101.011 yuan/bond (including interest and tax). The redemption price after tax, as approved by China Securities Depository and Clearing Corporation Limited Shenzhen Branch (hereinafter referred to as "ChinaClear"), shall prevail.

3. Trading suspension date: July 6, 2026

4. Conversion suspension date: July 9, 2026

5. Redemption funds credited to account date (holder's account): July 16, 2026

6. According to the arrangement, any Huaya Convertible Bonds not converted into shares by the close of trading on July 8, 2026, will be mandatorily redeemed. Bondholders are reminded to convert their bonds within the specified period.

7. Risk Warning: The redemption price of "Huaya Convertible Bonds" this time may differ significantly from its market price before the trading and conversion suspension. Investors who fail to convert their bonds in a timely manner may face losses. Investors are kindly requested to pay attention to investment risks.

Suzhou Huaya Intelligent Technology Co., Ltd. deliberated and approved the "Proposal on Early Redemption of Huaya Convertible Bonds" at the fourth meeting of the fourth board of directors on June 15, 2026. The company's board of directors has decided to exercise the early redemption right of "Huaya Convertible Bonds" and has authorized management to handle related matters. The relevant matters are hereby announced as follows:

I. Basic Information of Convertible Corporate Bonds

(1) Issuance of Convertible Corporate Bonds

Approved by the China Securities Regulatory Commission's "Approval on Suzhou Huaya Intelligent Technology Co., Ltd.'s Public Offering of Convertible Corporate Bonds" (Document No. Zhengjian Xuke [2022] No. 2756), the company publicly issued 3,400,000 convertible corporate bonds on December 16, 2022, with a face value of 100 yuan per bond, for a total issuance amount of 340,000,000 yuan.

(2) Listing of Convertible Corporate Bonds

With the approval of the Shenzhen Stock Exchange's "Shenzhen Stock Exchange Letter (2023) No. 14," the company's 340,000,000 yuan convertible corporate bonds were listed and traded on the Shenzhen Stock Exchange starting January 16, 2023, under the bond name "Huaya Convertible Bonds" and bond code "127079."

(3) Conversion Period of Convertible Corporate Bonds

The conversion period for the convertible bonds issued by this offering starts from the first trading day six months after the end of the convertible bond issuance date (December 22, 2022), which is June 22, 2023, and ends on the maturity date of the convertible bonds (December 15, 2028) (if it falls on a statutory holiday or rest day, it will be postponed to the first business day thereafter; interest payments during the postponed period will not be compounded).

Note: The original start date for the conversion period of convertible corporate bonds was set for June 22, 2023. Due to the Dragon Boat Festival holiday and the weekend, the actual start date was June 26, 2023.

(4) Adjustment of Conversion Price of Convertible Corporate Bonds

The initial conversion price of the convertible corporate bonds issued this time was 69.39 yuan/share. This price is not lower than the average daily trading price of the company's A-shares in the twenty trading days prior to the announcement of the prospectus and the average daily trading price of the company's A-shares on the previous trading day.

According to the profit distribution plan approved by the company's 2022 annual shareholders' meeting, a cash dividend of 0.4 yuan per share (including tax) was distributed. The conversion price of "Huaya Convertible Bonds" was adjusted from 69.39 yuan/share to 68.99 yuan/share. The calculation process is as follows: P1 = P0 - D = 69.39 - 0.4 = 68.99 yuan/share. The adjusted conversion price became effective on June 6, 2023 (ex-rights and ex-dividend date).