Announcement on the Board of Directors' Proposal to Lower the Conversion Price of "Wanxun Convertible Bonds"

Securities Code: 300112 Bond Code: 123112 Securities Abbreviation: Wanxun Self-Control Bond Abbreviation: Wanxun Convertible Bond Announcement Number: 2026-037

Shenzhen Wanxun Self-Control Co., Ltd.

Announcement on the Board of Directors' Proposal to Lower the Conversion Price of "Wanxun Convertible Bonds"

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

Special Reminders:

1. As of June 23, 2026, the closing price of the Company's stock has been lower than 85% of the current conversion price for at least 15 out of 30 consecutive trading days, triggering the downward adjustment clause for the conversion price of "Wanxun Convertible Bonds."
2. On June 23, 2026, the Company held the 19th meeting of the 6th Board of Directors, which deliberated and approved the "Proposal on the Board of Directors' Proposal to Lower the Conversion Price of 'Wanxun Convertible Bonds'." This proposal needs to be submitted to the Company's shareholders' meeting for deliberation. The relevant matters are hereby announced as follows:

I. Basic Information of "Wanxun Convertible Bonds"

1. Issuance and Listing Status With the approval of the "Approval for Shenzhen Wanxun Self-Control Co., Ltd. to Issue Convertible Corporate Bonds to Unspecified Objects" (Certificate No. [2021]662) issued by the China Securities Regulatory Commission, the Company issued 2,457,212 convertible corporate bonds to unspecified objects on April 8, 2021. Each bond has a face value of RMB 100, with a total issuance amount of RMB 245,721,200. The term is 6 years, from April 8, 2021, to April 7, 2027. With the approval of the Shenzhen Stock Exchange, the Company's RMB 245,721,200 convertible corporate bonds were listed and traded on the Shenzhen Stock Exchange starting from April 23, 2021. The bond abbreviation is "Wanxun Convertible Bond," and the bond code is "123112."

2. Conversion Period of "Wanxun Convertible Bonds" According to the "Prospectus for Shenzhen Wanxun Self-Control Co., Ltd. to Issue Convertible Corporate Bonds to Unspecified Objects on the ChiNext Market" (hereinafter referred to as the "Prospectus"), the conversion period of "Wanxun Convertible Bonds" starts from the first trading day after six months from the end of the convertible bond issuance period until the maturity date of the convertible bonds, which is from October 14, 2021, to April 7, 2027.

3. Adjustment of Conversion Price The initial conversion price of the convertible corporate bonds issued in this offering was RMB 9.13 per share. On May 28, 2021, the Company completed its 2020 equity distribution. The conversion price of "Wanxun Convertible Bonds" was adjusted from the initial conversion price of RMB 9.13 per share to RMB 8.93 per share. The adjusted conversion price became effective on May 28, 2021. For detailed information, please refer to the "Announcement on the Adjustment of the Conversion Price of Convertible Corporate Bonds" (Announcement Number: 2021-052) published by the Company on the Juchao Information Network (www.cninfo.com.cn) on May 22, 2021.

On May 31, 2022, the Company completed its 2021 equity distribution. The conversion price of "Wanxun Convertible Bonds" was adjusted from RMB 8.93 per share to RMB 8.73 per share. The adjusted conversion price became effective on May 31, 2022. For detailed information, please refer to the "Announcement on the Adjustment of the Conversion Price of Convertible Corporate Bonds" (Announcement Number: 2022-042) published by the Company on the Juchao Information Network (www.cninfo.com.cn) on May 23, 2022.