Announcement on the Use of Part of Idle Raised Funds for Cash Management

Mars Man Kitchenware Co., Ltd. (hereinafter referred to as "the Company") held the fifth meeting of the fourth board of directors on April 7, 2026, where it reviewed and approved the proposal on the use of part of the idle raised funds for cash management. The Company agreed to use no more than RMB 200 million of idle raised funds for cash management, effective for 12 months from the date of board approval. The funds can be used in a rolling manner within the above limit and period. The specific situation is announced as follows:

1. Basic Situation of Raised Funds

According to the approval from the China Securities Regulatory Commission on the registration of Mars Man Kitchenware Co., Ltd. for issuing convertible corporate bonds to unspecified objects (Zheng Jian Xu Ke [2022] No. 1465), the Company issued 5,289,990 convertible corporate bonds, each with a par value of RMB 100, raising a total of RMB 528,999,000. After deducting direct issuance costs of RMB 10,246,255.72 (excluding tax), the actual net raised funds amounted to RMB 518,752,744.28. The raised funds were transferred to the Company's designated account on August 11, 2022, and Tianjian Certified Public Accountants (Special General Partnership) verified the fund arrival situation, issuing the "Tianjian Verification [2022] No. 407" verification report on the same day. After the raised funds arrived, they were all deposited in a special account approved by the Company's board of directors. The Company signed a tripartite supervision agreement for the special account of raised funds with the sponsor and the commercial bank holding the raised funds.

2. Use of Raised Funds

As of March 31, 2026, the use of raised funds from the issuance of convertible corporate bonds to unspecified objects is as follows: