Notice on the Fifth Reminder of Early Redemption of Hengshuai Convertible Bonds

Ningbo Hengshuai Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, without false records, misleading statements, or significant omissions.

Special Reminder:

1. Redemption price of "Hengshuai Convertible Bonds": 100.191 CNY per bond (face value plus accrued interest for the current period, with an annual interest rate of 0.20%, and the current interest is tax-inclusive). The after-tax redemption price shall be subject to the price approved by China Securities Depository and Clearing Corporation Limited Shenzhen Branch (hereinafter referred to as "China Clearing").
2. Date when redemption conditions are met: April 16, 2026
3. Last trading day: May 8, 2026
4. Redemption registration date: May 12, 2026
5. Redemption date: May 13, 2026
6. Last day for conversion: May 13, 2026
7. Date when the issuer's redemption funds arrive (to China Clearing account): May 18, 2026
8. Date when investors receive redemption funds: May 20, 2026
9. Redemption type: Full redemption
10. According to the arrangement, "Hengshuai Convertible Bonds" that have not been converted by the close of trading on May 12, 2026, will be forcibly redeemed at 100.191 CNY per bond (including interest and tax). Bondholders are reminded to pay attention to the conversion within the deadline. After this redemption is completed, "Hengshuai Convertible Bonds" will be delisted from the Shenzhen Stock Exchange. If the bonds held by bondholders are pledged or frozen, it is recommended to lift the pledge or freeze before the last day for conversion to avoid forced redemption due to inability to convert.
11. Bondholders wishing to convert must open trading permissions for the ChiNext board. Investors who do not meet the suitability management requirements for ChiNext stocks cannot convert their "Hengshuai Convertible Bonds" into stocks, and investors are reminded to pay attention to the risks of being unable to convert.
12. Risk reminder: "Hengshuai Convertible Bonds" that have not been converted by the close of trading on May 12, 2026, will be forcibly redeemed at the price of 100.191 CNY per bond. Due to the significant difference between the current secondary market price of "Hengshuai Convertible Bonds" and the redemption price, bondholders are particularly reminded to convert within the deadline. If investors fail to convert in time, they may face losses, and investors are advised to pay attention to investment risks.

Ningbo Hengshuai Co., Ltd. (hereinafter referred to as "the Company") has met the condition that the closing price of its stock has not been lower than 130% of the current conversion price of 62.55 CNY per share for at least 15 trading days within any consecutive 30 trading days from March 26, 2026, to April 16, 2026 (i.e., 81.32 CNY per share). According to the relevant provisions of the "Ningbo Hengshuai Co., Ltd. Prospectus for the Issuance of Convertible Corporate Bonds to Unspecified Objects" (hereinafter referred to as "the Prospectus"), the conditional redemption clause of "Hengshuai Convertible Bonds" has been triggered. The Company held the eighth meeting of the third Board of Directors on April 16, 2026, and approved the proposal for the early redemption of "Hengshuai Convertible Bonds." Considering the current market situation and the Company's actual circumstances, the Board of Directors agreed to exercise the early redemption rights of "Hengshuai Convertible Bonds" and authorized the management to be responsible for subsequent matters related to the redemption of "Hengshuai Convertible Bonds."