2026 Plan for Issuance of A-Shares to Specific Targets

Stock Code: 300575 Stock Abbreviation: Flagchem

Jiangsu Flag Chemical Industry Co., Ltd.

JIANGSU FLAG CHEMICAL INDUSTRY CO.,LTD. (No. 309 Changfenghe Road, Chemical Industry Park, Liuhe District, Nanjing, Jiangsu Province)

2026 Plan for Issuance of A-Shares to Specific Targets

July 2026

Statement

1. The Company and all members of the Board of Directors guarantee that the contents of this plan are 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 truthfulness, accuracy, and completeness of the plan.

2. This plan is prepared in accordance with the requirements of the Company Law of the People's Republic of China, the Securities Law of the People's Republic of China, the Administrative Measures for the Issuance of Securities by Listed Companies, and other laws, regulations, and normative documents.

3. Upon completion of this issuance of A-shares to specific targets, the Company is solely responsible for any changes in its operations and earnings; investors are solely responsible for any investment risks arising from this issuance. Investors with any questions should consult their stock brokers, lawyers, professional accountants, or other professional advisors.

4. This plan is the Board of Directors' explanation of this issuance of A-shares to specific targets, and any statement inconsistent with this is a false statement.

5. The matters described in this plan do not represent a substantive judgment, confirmation, or approval by the examination and approval authorities regarding the matters related to this issuance of A-shares to specific targets. The effectiveness and completion of the matters related to this issuance are subject to the approval or registration of the relevant examination and approval authorities.

Important Notice

The terms or abbreviations used in this section have the same meanings as those defined in the "Definitions" section of this plan.

1. The plan for this issuance of A-shares to specific targets has been deliberated and approved at the 21st meeting of the 4th Board of Directors held on July 3, 2026, and is subject to approval by the Company's shareholders' meeting, review by the Shenzhen Stock Exchange, and registration with the China Securities Regulatory Commission (CSRC) before implementation.

2. The targets of this issuance are no more than 35 (inclusive) specific investors who meet the requirements of the CSRC, including the Company's actual controller, Mr. Wu Yaojun, as well as securities investment fund management companies, securities companies, trust investment companies, finance companies, insurance institutional investors, qualified foreign institutional investors, and other legal persons, natural persons, or other qualified investors that meet the requirements of the CSRC. Among them, securities investment fund management companies, securities companies, qualified foreign institutional investors, or RMB qualified foreign institutional investors subscribing with two or more products under their management shall be regarded as one target; trust investment companies acting as targets may only subscribe with their own funds.

Mr. Wu Yaojun intends to subscribe for no less than 50,000,000 RMB of the Company's shares in this issuance. Except for Mr. Wu Yaojun, other targets for this issuance have not yet been determined. After the Company obtains the CSRC's decision to register this issuance of A-shares to specific targets, the Board of Directors will, within the scope of authorization by the shareholders' meeting and in accordance with relevant laws, administrative regulations, departmental rules, and normative documents, determine the other targets through consultation with the sponsor (lead underwriter) based on the bidding results. If there are new regulations on the targets of A-share issuance to specific targets in national laws and regulations, the Company will make adjustments in accordance with the new regulations.

All targets of this issuance will subscribe for the Company's shares in cash.