First Announcement on the Put Option for "Guanzhong Convertible Bonds"

Securities Code: 300948 Securities Abbreviation: Guanzhong Ecology Announcement No.: 2026-049 Bond Code: 123207 Bond Abbreviation: Guanzhong Convertible Bond

Qingdao Guanzhong Ecological Co., Ltd.

First Announcement on the Put Option for "Guanzhong Convertible Bonds"

The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and there are no false records, misleading statements, or major omissions.

Special Reminder:

1. Put Option Price: RMB 101.064 per bond (including interest and tax)

2. Put Option Application Period: July 9, 2026 to July 15, 2026

3. Issuer's Funds Arrival Date: July 20, 2026

4. Put Option Payment Date: July 21, 2026

5. Bondholder's Put Option Funds Arrival Date: July 22, 2026

6. During the put option application period, "Guanzhong Convertible Bonds" will be suspended from conversion.

7. This put option is not mandatory; holders have the right to choose whether to exercise the put option.

8. Risk Warning: Bondholders choosing to exercise the put option is equivalent to selling their "Guanzhong Convertible Bonds" at RMB 101.064 per bond (including interest and tax). As of the trading day prior to the disclosure of this announcement, the closing price of "Guanzhong Convertible Bonds" was higher than this put option price. Bondholders choosing to exercise the put option may incur losses. Investors are kindly requested to pay attention to the risks.

Qingdao Guanzhong Ecological Co., Ltd. (hereinafter referred to as the "Company") held the tenth meeting of the Fifth Board of Directors on June 16, 2026, and held the 2026 second extraordinary shareholders' meeting and the 2026 first bondholder meeting for "Guanzhong Convertible Bonds" on July 6, 2026. The proposal to terminate part of the fund-raising investment projects and permanently supplement working capital with the remaining raised funds was deliberated and approved. According to the provisions of the "Prospectus for the Issuance of Convertible Corporate Bonds by Qingdao Guanzhong Ecological Co., Ltd. to Unspecified Targets" (hereinafter referred to as the "Prospectus"), the additional put option clause of "Guanzhong Convertible Bonds" has taken effect. The relevant matters regarding the put option of "Guanzhong Convertible Bonds" are hereby announced as follows:

I. Overview of Put Option Situation

(I) Reason for the Effectiveness of the Put Option Clause