Announcement on Early Termination of Share Reduction Plan by Controlling Shareholder and Termination of Shareholder's Equity Change Touching 1% Integer Multiple

Securities Code: 300836 Securities Abbreviation: Baiao Intelligent Announcement Number: 2026-040

Kunshan Baiao Intelligent Equipment Co., Ltd.

Announcement on Early Termination of Share Reduction Plan by Controlling Shareholder and Termination of Shareholder's Equity Change Touching 1% Integer Multiple

The information provided by the Company's controlling shareholder and actual controller, Mr. Xiao Chaopeng, is true, accurate, and complete, and contains no false records, misleading statements, or material omissions.

The Company and all members of the Board of Directors guarantee that the content of the announcement is consistent with the information provided by the information disclosure obligor.

Kunshan Baiao Intelligent Equipment Co., Ltd. (hereinafter referred to as the "Company") announced on May 18, 2026, the "Pre-disclosure Announcement on Share Reduction Plan by Controlling Shareholder and Actual Controller" (Announcement No.: 2026-030). Mr. Xiao Chaopeng planned to reduce his holdings by no more than 2,767,917 shares through bulk trading or centralized bidding, which would not exceed 2.9864% of the Company's total share capital at that time, and not exceed 3.0000% of the Company's total share capital after excluding the shares in the repurchase dedicated account disclosed most recently (if there are any changes in share capital such as ex-rights issues or capital reserve transfers during the planned reduction period, this number shall be adjusted accordingly, but the proportion of shares reduced to the Company's total share capital shall remain unchanged).

The reduction period for bulk trading or centralized bidding is within 3 months from the 15th trading day after the disclosure of the reduction plan.

Recently, the Company received from Mr. Xiao Chaopeng the "Notice of Share Change Touching 1% Integer Multiple" and the "Notice of Early Termination of Share Reduction Plan". From June 11, 2026, to August 10, 2026, Mr. Xiao Chaopeng reduced his holdings by a total of 2,757,500 shares, and his shareholding proportion decreased to 22.1572% (which is 22.2778% of the total share capital after excluding the shares in the repurchase dedicated account disclosed most recently), touching a 1% integer multiple. Mr. Xiao Chaopeng decided to terminate the aforementioned share reduction plan early due to his own capital arrangements. The remaining unreduced shares will not be reduced within the period of this share reduction plan. The specific situation is hereby announced as follows:

I. Shareholder Share Reduction Situation

Note: The reduction proportion is the proportion of the number of shares reduced to the total share capital after excluding the shares in the repurchase dedicated securities account at the time.

II. Shareholder Shareholding Situation Before and After This Reduction