Eighth Reminder Announcement on Early Redemption of "Shuiyang Convertible Bonds"

Securities Code: 300740 Securities Abbreviation: Shuiyang Co., Ltd. Announcement No.: 2026-050

Bond Code: 123188 Bond Abbreviation: Shuiyang Convertible Bond

Shuiyang Group Co., Ltd.

Eighth Reminder Announcement on Early Redemption of "Shuiyang Convertible Bonds"

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

Special Reminder:

1. Redemption Date of Convertible Bonds: August 4, 2026

2. Redemption Price of Convertible Bonds: 100.602 yuan/bond (face value plus accrued interest; the annual interest rate for the current period is 1.80%, including tax). The post-tax redemption price shall be subject to the price approved by China Securities Depository and Clearing Corporation Limited Shenzhen Branch (hereinafter referred to as "ChinaClear").

3. Arrival Date of Redemption Funds for Convertible Bonds: August 11, 2026

4. Trading Suspension Date: July 30, 2026

5. Conversion Suspension Date: August 4, 2026

6. Condition Fulfillment Date for Redemption: July 13, 2026

7. Redemption Registration Date: August 3, 2026

8. Fund Arrival Date (to ChinaClear account): August 7, 2026

9. Redemption Category: Full Redemption

10. Abbreviation of Convertible Bonds on the Last Trading Day: Z Yang Convertible Bond

11. According to the arrangement, "Shuiyang Convertible Bonds" that have not been converted into shares by the close of trading on August 3, 2026, will be mandatorily redeemed. After this redemption, "Shuiyang Convertible Bonds" will be delisted from the Shenzhen Stock Exchange (hereinafter referred to as "SZSE"). Holders of "Shuiyang Convertible Bonds" are reminded to pay attention to converting their bonds within the deadline. If the "Shuiyang Convertible Bonds" held by bondholders are pledged or frozen, it is recommended to release the pledge or freeze before the conversion suspension date to avoid redemption due to inability to convert.

12. Bondholders who convert their bonds need to open an GEM trading account. Investors who do not meet the suitability management requirements for GEM stocks cannot convert their "Shuiyang Convertible Bonds" into shares. Investors are hereby reminded to be aware of the risk of not being able to convert.

Risk Warning: According to the arrangement, "Shuiyang Convertible Bonds" that have not been converted into shares by the close of trading on August 3, 2026, will be mandatorily redeemed at a price of 100.602 yuan/bond. Currently, the secondary market price of "Shuiyang Convertible Bonds" differs significantly from the redemption price. Holders of "Shuiyang Convertible Bonds" are specially reminded to pay attention to converting their bonds within the deadline. If bondholders fail to convert their bonds in time, they may face losses. Investors are kindly requested to be aware of the risks.

I. Overview of Redemption

From June 22, 2026, to July 13, 2026, the closing price of Shuiyang Group Co., Ltd.'s (hereinafter referred to as "the Company") stock met the condition of being no less than 130% (inclusive) of the current conversion price for at least fifteen trading days within any thirty consecutive trading days. This has triggered the conditional redemption clause in the "Prospectus for the Issuance of Convertible Corporate Bonds by Shuiyang Group Co., Ltd. to Unspecified Objects and Listing on the GEM" (hereinafter referred to as the "Prospectus").

On July 13, 2026, the Company held the Second Extraordinary Meeting of the Fourth Board of Directors in 2026, which deliberated and approved the "Proposal on Early Redemption of 'Shuiyang Convertible Bonds'." In conjunction with the current market and the Company's actual situation, after careful consideration, the Board of Directors agreed to exercise the early redemption right of "Shuiyang Convertible Bonds" and authorized the Company's management to handle all subsequent matters related to the redemption of "Shuiyang Convertible Bonds." The relevant matters regarding the early redemption of "Shuiyang Convertible Bonds" are hereby announced as follows: