Announcement on Joint Investment and Related Transactions with Related Parties

1. Securities Code: 301078
   Securities Abbreviation: Kid King
   Announcement Number: 2026-051

Kid King Children's Products Co., Ltd. announces joint investment and related transactions with related parties. The company and all members of the board guarantee that the information disclosed is true, accurate, and complete, without false records, misleading statements, or significant omissions.

Important Content Reminder:

1. Kid King Children's Products Co., Ltd. (hereinafter referred to as "the Company," "Kid King," or "the Listed Company") intends to jointly invest with related and non-related parties in Hangzhou Beihu Qianqian Information Technology Co., Ltd. (hereinafter referred to as "Beihu Qianqian" or "the Target Company"). The Company will invest 8.8816 million yuan in self-owned funds, accounting for 15% of the registered capital after the capital increase of the Target Company.
2. According to the "Shenzhen Stock Exchange GEM Stock Listing Rules," this investment constitutes a related transaction but does not qualify as a major asset restructuring as defined by the "Measures for the Administration of Major Asset Restructuring of Listed Companies." This joint investment with related parties is within the decision-making authority of the board and does not require submission to the shareholders' meeting for approval.
3. The Target Company may face uncertainties in its future operations due to macroeconomic factors, industry policies, and consumer trends. Therefore, the Company will closely monitor its development dynamics, leverage its governance experience, and integrate various resource advantages to enhance the competitive edge and profitability of the joint venture while actively preventing and responding to the aforementioned risks. Investors are advised to invest rationally and be aware of investment risks.

I. Overview of Joint Investment and Related Transactions

1. Basic Information on Related Transactions
   To actively respond to the national strategy for promoting high-quality development of the service industry and in line with the Company's medium- and long-term strategic development plan and actual operating conditions, the Company plans to invest with related parties, including Mr. Xu Weihong (Director/General Manager), Mr. Shi Guanglei (Director/Vice General Manager/Board Secretary), Mr. Liu Lizhu (Employee Representative Director/Vice President), and non-related party Ms. Wang Xingyuan, in Beihu Qianqian. The Company intends to invest 8.8816 million yuan in self-owned funds, holding 15% of the registered capital after the capital increase of the Target Company.

2. Basic Information on the Target Company
   Beihu Qianqian was established in August 2025 and is headquartered in Hangzhou. It is a modern service enterprise focused on providing high-quality, standardized maternity care services for new-generation families, branded as "Lefu Mama." The core team members of Beihu Qianqian have previously worked for leading domestic life service platforms and possess years of successful experience in platform operations, market expansion, and service standardization. Beihu Qianqian aims to enhance the matching efficiency, service standards, and user experience of maternal and infant care services through refined operational capabilities and digital platform capabilities. Since its establishment, the Target Company has developed rapidly, successfully establishing operations in key cities such as Hangzhou, Shanghai, Beijing, Chengdu, and Nanjing, and has built localized operational teams. Relying on a well-structured team, the Target Company has effectively achieved a balance between rapid expansion and localized deep cultivation, with business in multiple cities showing good growth momentum. The Target Company is currently in a critical phase of rapid business development and market expansion. With its strong team execution and deep insights into market demand, Beihu Qianqian has gained a favorable position in the rapidly growing maternal and infant care service market, demonstrating significant growth potential and broad development prospects.