Explanation of Public Notice
Shanghai Kaichun Industrial Co., Ltd. (hereinafter referred to as "the Company") held the third meeting of the fourth board of directors on April 24, 2026, to review and approve the proposal regarding the "Draft of the Company's 2026 Restricted Stock Incentive Plan" and related proposals. Specific details can be found in the announcement published by the Company on April 28, 2026, on the designated information disclosure media of the China Securities Regulatory Commission (CSRC) (Giant Tide Information Network http://www.cninfo.com.cn).