Announcement on Changes in Equity Due to Passive Dilution by Actual Controller and Concerted Actors Reaching 1% and 5% Thresholds

Announcement on Changes in Equity Due to Passive Dilution by Actual Controller and Concerted Actors Reaching 1% and 5% Thresholds

The company and all members of the board guarantee that the content of the information disclosure is true, accurate, and complete, without false records, misleading statements, or significant omissions. This equity change is mainly due to the conversion of convertible bonds of Yuanshin Industrial Co., Ltd. (hereinafter referred to as "the Company"), resulting in an increase in the total share capital of the Company. The actual controllers, Mr. Chen Shaojun and Ms. Zhang Xinxia, along with their concerted actors, Xinchang Yuanwei Technology Co., Ltd. (hereinafter referred to as "Yuanwei Technology") and Xinchang Yuanqi Investment Management Partnership (Limited Partnership) (hereinafter referred to as "Yuanqi Investment"), maintained their total shareholding quantity, while their shareholding ratio was passively diluted from 60.80% to 59.79%, reaching the 1% and 5% thresholds. The specific circumstances of this equity change are as follows:

1. Basic Information
   • Obligor 1: Xinchang Yuanwei Technology Co., Ltd.
     • Address: No. 198, Xinzong Road, Xinchang County, Zhejiang Province
   • Obligor 2: Xinchang Yuanqi Investment Management Partnership (Limited Partnership)
     • Address: No. 198, Xinzong Road, Xinchang County, Zhejiang Province
   • Obligor 3: Zhang Xinxia
     • Address: *** Chengtan Street, Xinchang County, Shaoxing City, Zhejiang Province
   • Obligor 4: Chen Shaojun
     • Address: *** Chengtan Street, Xinchang County, Shaoxing City, Zhejiang Province
   • Date of Equity Change: March 24, 2026 - March 30, 2026