300127SZSE

Announcement on Early Termination of Share Reduction by Shareholder Holding Over 5%

Chengdu Galaxy Magnets Co., Ltd.··2 pages

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Chengdu Yinhe Magnetic Co., Ltd. announces the early termination of a share reduction plan by Chengdu Yinhe Industrial (Group) Co., Ltd. The shareholder reduced 708,100 shares, representing 0.2191% of the total share capital, and will not further reduce shares within the remaining period of the plan.

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Securities Code: 300127 Securities Abbreviation: Yinhe Magnetic Announcement No.: 2026-024

Chengdu Yinhe Magnetic Co., Ltd.

Announcement on Early Termination of Share Reduction by Shareholder Holding Over 5%

Chengdu Yinhe Industrial (Group) Co., Ltd., a shareholder holding over 5% of the shares, guarantees that the information provided to this company is true, accurate, and complete, and contains no false records, misleading statements, or material omissions.

The company and all members of the board of directors guarantee that the content of this announcement is consistent with the information provided by the information disclosure obligor.

Chengdu Yinhe Magnetic Co., Ltd. (hereinafter referred to as the "Company" or "Yinhe Magnetic") disclosed the "Announcement on Pre-disclosure of Share Reduction by Shareholder Holding Over 5%" on April 16, 2026. Chengdu Yinhe Industrial (Group) Co., Ltd. (hereinafter referred to as "Yinhe Group"), holding 96,304,530 shares of the Company (accounting for 29.8021% of Yinhe Magnetic's total share capital), planned to reduce its holdings by 2.8 million shares through centralized bidding within three months from 15 trading days after the announcement date, accounting for 0.8665% of Yinhe Magnetic's total share capital.

The Company recently received the "Notice of Early Termination of Share Reduction of Yinhe Magnetic Shares" issued by Yinhe Group. The situation is hereby announced as follows:

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