Announcement on Early Redemption of "Shuiyang Convertible Bonds" and Upcoming Trading Suspension

Securities Code: 300740 Securities Abbreviation: Shuiyang Co., Ltd. Announcement No.: 2026-052

Bond Code: 123188 Bond Abbreviation: Shuiyang Convertible Bonds

Shuiyang Group Co., Ltd.

Announcement on Early Redemption of "Shuiyang Convertible Bonds" and Upcoming Trading Suspension

The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and there are no false records, misleading statements, or major omissions.

Key Information Highlights:

1. Last Trading Day for Convertible Bonds: July 29, 2026

July 29, 2026, is the last trading day for "Shuiyang Convertible Bonds." On this day, "Shuiyang Convertible Bonds" will be abbreviated as "Z Yang Convertible Bonds." After the market closes on July 29, 2026, "Shuiyang Convertible Bonds" will be suspended from trading.

1. Last Conversion Day for Convertible Bonds: August 3, 2026

August 3, 2026, is the last conversion day for "Shuiyang Convertible Bonds." Investors holding "Shuiyang Convertible Bonds" can still convert them into shares before the market closes on this day. After the market closes on August 3, 2026, "Shuiyang Convertible Bonds" will cease to be convertible. The remaining "Shuiyang Convertible Bonds" will be mandatorily redeemed at a price of RMB 100.602 per bond. Investors may face losses if their bonds are mandatorily redeemed.

As of the close of trading on July 24, 2026, there are only 3 trading days left until the trading suspension date for "Shuiyang Convertible Bonds" (July 30, 2026), and 6 trading days left until the conversion suspension date for "Shuiyang Convertible Bonds" (August 4, 2026).

1. Bondholders who wish to convert their bonds must have opened trading privileges for the ChiNext market. Investors who do not meet the eligibility requirements for the ChiNext stock market, and are unable to convert their "Shuiyang Convertible Bonds" into shares, are reminded to pay attention to the risk of being unable to convert.

2. Special Reminder: Holders of "Shuiyang Convertible Bonds" are reminded to convert their bonds within the specified period.

Special Notice:

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

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

3. Fund Arrival Date for Convertible Bond Redemption: August 11, 2026

4. Trading Suspension Date: July 30, 2026

5. Conversion Suspension Date: August 4, 2026

6. Redemption Condition Met Date: 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 Bonds

11. According to the arrangement, after the market closes on August 3, 2026, any "Shuiyang Convertible Bonds" that have not been converted will be mandatorily redeemed. Upon completion of 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 convert their bonds within the specified period. If the bonds held by bondholders are pledged or frozen, it is recommended to release the pledge or freeze before the conversion suspension date to avoid being redeemed due to inability to convert.

Risk Warning: According to the arrangement, after the market closes on August 3, 2026, any "Shuiyang Convertible Bonds" that have not been converted will be mandatorily redeemed at a price of RMB 100.602 per bond. Currently, there is a significant difference between the secondary market price of "Shuiyang Convertible Bonds" and the redemption price. Holders of "Shuiyang Convertible Bonds" are particularly reminded to convert their bonds within the specified period. If bondholders fail to convert their bonds in a timely manner, they may face losses. Investors are kindly advised to pay attention to the risks.