Proposal for Issuance of Convertible Corporate Bonds to Non-Specific Targets (Revised Draft)

Stock Code: 300447 Stock Abbreviation: Quanxin Cable

Nanjing Quanxin Cable Technology Co., Ltd.

(12th Floor, Building 5, No. 18 Qingjiang South Road, Gulou District, Nanjing, Jiangsu Province)

Proposal for Issuance of Convertible Corporate Bonds to Non-Specific Targets

(Revised Draft)

June 2026

Statement

1. The Company and all members of the Board of Directors guarantee that the content of this announcement is true, accurate, and complete, and confirm that there are no false records, misleading statements, or major omissions, and assume individual and joint legal liability for the authenticity, accuracy, and completeness of the content of this proposal.

2. Upon completion of this issuance of convertible corporate bonds to non-specific targets, the Company shall be solely responsible for changes in its operations and earnings; investment risks arising from this issuance shall be borne by the investors themselves.

3. This proposal is the Board of Directors' explanation of this issuance of convertible corporate bonds to non-specific targets, and any statement to the contrary is a false statement.

4. Investors with any questions should consult their stockbroker, lawyer, professional accountant, or other professional advisor.

5. The matters stated in this proposal do not represent a substantive judgment, confirmation, approval, or registration by the review or registration authorities regarding the matters related to this issuance. The effectiveness and completion of this issuance are subject to the issuance and listing review by the Shenzhen Stock Exchange and registration with the China Securities Regulatory Commission.

Special Notice

1. The method of securities issuance is: issuance of convertible corporate bonds to non-specific targets.

2. Relevant matters for this issuance have been deliberated and approved by the 7th meeting of the 7th Board of Directors, the 11th meeting of the 7th Board of Directors, and the 1st Extraordinary General Meeting of 2026. This issuance is subject to review and approval by the Shenzhen Stock Exchange and registration by the China Securities Regulatory Commission before it can be implemented.

3. The total amount of funds to be raised shall not exceed 245 million RMB (inclusive). After deducting issuance expenses, the net proceeds will be used for the following projects:

If the actual proceeds (after deducting issuance expenses) are less than the proposed investment amount, the Board of Directors will arrange the specific use of proceeds based on the importance and urgency of the projects, and the shortfall will be covered by self-raised funds. Without changing the investment projects, the Board of Directors or its authorized persons may adjust the investment sequence and amounts based on actual project needs.

1. Use of previous proceeds and future plans: In August 2021, the Company issued shares to specific targets and listed on the ChiNext market, raising a total of 319.9999 million RMB. After deducting issuance expenses, the net proceeds were 314 million RMB, which were received in July 2021. As of December 31, 2025, the Company has cumulatively used 234.3565 million RMB, with a progress rate of 74.64%. The funds have been substantially utilized, and the Company will reasonably and effectively promote the use of remaining proceeds based on market conditions and actual operating status.

2. Issuance method and targets: The specific issuance method shall be determined by the Board of Directors or its authorized persons as authorized by the General Meeting, in consultation with the sponsor (lead underwriter). The targets are natural persons, legal entities, securities investment funds, and other investors in compliance with legal requirements (excluding those prohibited by national laws and regulations) who hold securities accounts with the Shenzhen Branch of China Securities Depository and Clearing Corporation.