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

Securities Code: 300740

Securities Abbreviation: Shuiyang Co., Ltd.

Announcement No.: 2026-055

Bond Code: 123188

Bond Abbreviation: Shuiyang Convertible Bonds

S'YOUNG

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 that there are no false records, misleading statements, or significant omissions.

Key Content提示:

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 Shuiyang 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." Before the market closes on this day, holders of "Shuiyang Convertible Bonds" can still convert them into shares. After the market closes on August 3, 2026, "Shuiyang Convertible Bonds" will be suspended from conversion. The remaining "Shuiyang Convertible Bonds" will be mandatorily redeemed at a price of 100.602 yuan per bond. If mandatorily redeemed, investors may face losses.

As of the close of trading on July 28, 2026, there is only 1 trading day left until the trading suspension date for "Shuiyang Convertible Bonds" (July 30, 2026), and only 4 trading days left until the conversion suspension date for "Shuiyang Convertible Bonds" (August 4, 2026).

1. Bondholders who wish to convert must have opened their ChiNext trading account. If investors do not meet the conditions for ChiNext stock trading, they cannot convert their "Shuiyang Convertible Bonds" into shares. Investors are hereby reminded of the risk of being unable to convert.

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

Special Reminder:

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

2. Redemption Price for Convertible Bonds: 100.602 yuan per bond (face value plus accrued interest. The current 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. Redemption Funds Arrival Date for Convertible Bonds: 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. Funds Arrival Date (to ChinaClear account): August 7, 2026

9. Redemption Category: Full Redemption

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

11. According to the arrangement, "Shuiyang Convertible Bonds" that have not been converted by the close of trading on August 3, 2026, 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 within the specified period. If bondholders' "Shuiyang Convertible Bonds" 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, "Shuiyang Convertible Bonds" that have not been converted by the close of trading on August 3, 2026, will be mandatorily redeemed at a price of 100.602 yuan per bond. Currently, the secondary market price of "Shuiyang Convertible Bonds" differs significantly from the redemption price. Holders of "Shuiyang Convertible Bonds" are particularly reminded to convert within the specified period. If bondholders fail to convert in a timely manner, they may face losses. Investors are kindly requested to pay attention to the risks.