Announcement on Capital Increase of Wholly-Owned Subsidiary, Company's Waiver of Preemptive Rights, and Related Party Transaction

Securities Code: 300499 Securities Abbreviation: Gaolan Shares Announcement No.: 2026-040

Guangzhou Gaolan Energy Saving Technology Co., Ltd.

Announcement on Capital Increase of Wholly-Owned Subsidiary, Company's Waiver of Preemptive Rights, and Related Party Transaction

The Company and the Board of Directors guarantee the content of the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or material omissions.

Special Notice:

1. Guangzhou Gaolan Energy Saving Technology Co., Ltd. (hereinafter referred to as the "Company," "this Company," or "Gaolan Shares"), whose wholly-owned subsidiary is Guangzhou Gaolan Innovation Technology Co., Ltd. (hereinafter referred to as "Gaolan Innovation Technology" or "the Subsidiary"), plans to introduce Mr. Li Qi, the Company's Chairman and largest shareholder, Ms. Wang Yang, the Secretary of the Board, and an employee stock ownership platform (collectively referred to as the "Investors") as new shareholders through a capital increase. The Investors plan to contribute a total of RMB 90 million to subscribe for RMB 10 million in newly increased registered capital of Gaolan Innovation Technology. The Company waives its preemptive subscription rights for this capital increase. After the capital increase, the Company's shareholding ratio in Gaolan Innovation Technology will decrease from 100.00% to 60.00%. Gaolan Innovation Technology will change from a wholly-owned subsidiary to a controlled subsidiary of the Company. The scope of the Company's consolidated financial statements will remain unchanged.

2. This transaction does not constitute a major asset restructuring as defined by the "Measures for the Administration of Major Asset Restructuring of Listed Companies" and does not require approval from relevant departments. According to the "Shenzhen Stock Exchange GEM Stock Listing Rules," the "Articles of Association of Guangzhou Gaolan Energy Saving Technology Co., Ltd." (hereinafter referred to as the "Articles of Association"), and other relevant regulations, as some directors and senior management personnel of the Company are participating in this capital increase, this transaction constitutes a related party transaction.

3. This transaction has been reviewed and approved by the First Meeting of the Fifth Board of Directors' Independent Directors, the Fourth Meeting of the Fifth Board of Directors' Remuneration and Assessment Committee, and the Sixteenth Meeting of the Fifth Board of Directors. Related directors abstained from voting. This transaction does not require submission to the Company's shareholders' meeting for deliberation.

The Company held the Sixteenth Meeting of the Fifth Board of Directors on August 20, 2026, and approved the "Proposal on Capital Increase of Wholly-Owned Subsidiary, Company's Waiver of Preemptive Rights, and Related Party Transaction." It was agreed that Gaolan Innovation Technology would introduce Mr. Li Qi, the Company's Chairman and largest shareholder, Ms. Wang Yang, the Secretary of the Board, and an employee stock ownership platform as new shareholders through a capital increase. The Company and Gaolan Innovation Technology management are authorized to handle relevant matters and sign relevant legal documents. The specific situation is hereby announced as follows: