Announcement on the Early Redemption of Jinpu Convertible Bonds

Announcement on the Early Redemption of Jinpu Convertible Bonds

Jinpu Garden Co., Ltd. and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or significant omissions.

Special Reminder:

1. Redemption date of convertible bonds: June 23, 2026

2. Redemption price of convertible bonds: 100.062 CNY per bond (including interest and tax)

3. Date of funds arrival for redemption: June 30, 2026

4. Last trading day for convertible bonds: June 17, 2026

5. Last day for conversion of convertible bonds: June 23, 2026

6. Date when redemption conditions are met: May 29, 2026

7. Registration date for redemption: June 22, 2026

8. Date of funds arrival for issuer's redemption (to reach China Securities Depository and Clearing Corporation): June 26, 2026

9. Type of redemption: Full redemption

10. According to the arrangement, any "Jinpu Convertible Bonds" that remain unconverted after the market closes on June 23, 2026, will be forcibly redeemed. After this redemption is completed, "Jinpu Convertible Bonds" will be delisted from the Shenzhen Stock Exchange. Holders of "Jinpu Convertible Bonds" are reminded to convert their bonds within the deadline. If any "Jinpu Convertible Bonds" held by holders are pledged or frozen, it is recommended to lift the pledge or freeze before the last trading day 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 held "Jinpu Convertible Bonds" into stocks, and investors are reminded to pay attention to the risk of being unable to convert.

12. Risk Reminder: Due to the significant difference between the current secondary market price of "Jinpu Convertible Bonds" and the redemption price, holders are reminded to convert their bonds within the deadline. If investors do not convert in time, they may face losses, and all investors are advised to pay attention to the risks.

Overview of Redemption

From May 11, 2026, to May 29, 2026, the stock of Jinpu Garden Co., Ltd. (hereinafter referred to as "the Company") has met the condition that the closing price is not less than 130% of the current conversion price (7.55 CNY/share) for at least 15 trading days out of 30 consecutive trading days. According to the "Conditional Redemption Clause" in the "Prospectus for the Issuance of Convertible Corporate Bonds by Jinpu Garden Co., Ltd." (hereinafter referred to as "the Prospectus"), the Company has the right to decide to redeem all or part of the unconverted convertible corporate bonds at the bond's face value plus accrued interest. The Company held the 35th meeting of the 5th Board of Directors on May 29, 2026, and approved the proposal for the early redemption of "Jinpu Convertible Bonds." Considering the current market and the actual situation of the Company, the Board of Directors decided to exercise the early redemption right of "Jinpu Convertible Bonds" and redeem all unconverted "Jinpu Convertible Bonds" at the bond's face value plus accrued interest as of the close of trading on the redemption registration date, and authorized the management to handle subsequent matters related to the redemption of "Jinpu Convertible Bonds." The relevant matters regarding the early redemption of "Jinpu Convertible Bonds" are announced as follows: