First Announcement on Optional Put Option for "Mars Convertibles"

Securities Code: 300894

Bond Code: 123154

Securities Abbreviation: Mars Cookware

Bond Abbreviation: Mars Convertible

Announcement Number: 2026-049

Mars Cookware Co., Ltd.

First Announcement on Optional Put Option for "Mars Convertibles"

The Company and all members of the Board of Directors guarantee the content of this information disclosure is true, accurate, and complete, and that there are no false statements, misleading representations, or material omissions.

1. Bond Code: 123154; Bond Abbreviation: Mars Convertible

2. Redemption Price: 101.434 yuan/unit (including accrued interest and taxes)

3. Redemption Application Period: July 20, 2026 to July 24, 2026

4. Redemption Fund Disbursement Date: July 31, 2026

5. Issuer Fund Receipt Date: July 29, 2026

6. Redemption Fund Transfer Date: July 30, 2026

7. Investor Redemption Fund Arrival Date: July 31, 2026

8. Convertible Bonds Suspended from Conversion during Application Period

9. This redemption is not mandatory; holders of "Mars Convertibles" have the option to redeem.

Risk Warning: Investors choosing to redeem are equivalent to selling their "Mars Convertibles" at 101.434 yuan/unit (including accrued interest and taxes). As of the trading day prior to the disclosure of this announcement, the closing price of "Mars Convertibles" was higher than this redemption price. Investors choosing to redeem may incur losses, please pay attention to the risks.

I. Redemption Terms and Price

(I) Reason for Triggering Redemption Clause