Announcement on Subsidiary's Asset Purchase

Securities Code: 300911

Bond Code: 123235

Securities Abbreviation: Yitian Intelligent

Bond Abbreviation: Yitian Convertible

Announcement Number: 2026-044

Zhejiang Yitian Smart Kitchen Appliances Co., Ltd.

Announcement on Subsidiary's Asset Purchase

The Company and the Board of Directors of the entire members guarantee that the information disclosed is true, accurate, and complete, and free from false records, misleading statements, or major omissions.

Special Note:

Zhejiang Yitian Smart Kitchen Appliances Co., Ltd. (hereinafter referred to as the "Company") is in the early stages of developing its computing power business. The industry operating experience is relatively insufficient, posing potential risks in market development, technical operation and maintenance, and project management. The Company's main business remains kitchen appliances such as integrated stoves, and the overall business fundamentals have not changed.

1. Contract Performance Risk: Both parties to this purchase contract have the ability to perform. During the actual execution of the contract, there may be uncertainties or risks related to laws, regulations, policies, technology, and markets. Additionally, there may be risks arising from major changes in the external macroeconomic environment, sudden unexpected events, and other force majeure factors, which could lead to the risk of the contract being unable to be performed or not fully performed.

2. Capital Expenditure Risk: The funds for this purchase will come from the Company's own funds and self-raised funds (including financial leasing). If the Company is unable to raise the relevant funds in a timely and sufficient manner, there is a risk that the purchase payment will not be made in a timely and sufficient manner, leading to the risk of transaction failure.

3. Excessive Debt Risk: The funds for this purchase will mainly come from the Company's own funds and self-raised funds (including financial leasing), which is expected to increase the Company's asset-liability ratio. At the same time, the Company's financial expenses will increase significantly, which is expected to have a certain impact on performance.

4. Other Risks: The subject matter of this purchase is servers and related equipment. In future actual production and operation, there may be risks arising from uncertainties in policies, markets, operations, management, and other aspects, which may have a significant impact on the Company's operating performance.