Simplified Report on Equity Changes

1. Basic Information

Listed Company: Shiyan Taixiang Industrial Co., Ltd.
Stock Listing Location: Shenzhen Stock Exchange
Stock Abbreviation: Taixiang Shares
Stock Code: 301192.SZ
Information Disclosers:

1. Jiang Xue
   Address: Maojian District, Shiyan City, Hubei Province
2. Wang Shibin
   Address: Maojian District, Shiyan City, Hubei Province
3. Shiyan Zhongyuan Equity Investment Center (Limited Partnership)
   Address: No. 16, Guangzhou Road, Auto Parts City, Shiyan Economic Development Zone
   Nature of Share Change: Reduction of Shares
   Signing Date: March 31, 2026

2. Declaration of Information Disclosers

1. This report is prepared by the information disclosers in accordance with the Company Law of the People's Republic of China, the Securities Law of the People's Republic of China, the Management Measures for the Acquisition of Listed Companies, and the Guidelines for the Content and Format of Information Disclosure by Companies Issuing Securities No. 15 - Report on Equity Changes.
2. The information disclosers have obtained the necessary authorization and approval to sign this report, and its execution does not violate any provisions of the company's articles of association or internal rules.
3. This report fully discloses the changes in equity held by the information disclosers in Shiyan Taixiang Industrial Co., Ltd. As of the signing date, the information disclosers have not increased or decreased their equity in Taixiang Shares through any other means.
4. The equity change is based on the information stated in this report. No other person has been authorized to provide information not listed in this report or to explain or interpret this report.
5. The information disclosers commit that this report does not contain false records, misleading statements, or significant omissions, and they bear individual and joint legal responsibility for its authenticity, accuracy, and completeness.

3. Table of Contents

1. Definitions
2. Introduction of Information Disclosers
3. Purpose of Equity Changes
4. Method of Equity Changes
5. Trading of Taixiang Shares in the Last Six Months
6. Other Significant Matters
7. Documents for Reference

4. Definitions

In this report, unless otherwise stated, the following meanings apply:

• Listed Company, Company, This Company, Taixiang Shares refers to Shiyan Taixiang Industrial Co., Ltd.
• Information Disclosers refer to Jiang Xue, Wang Shibin, and Shiyan Zhongyuan Equity Investment Center (Limited Partnership).
• This Report, Report refers to the Simplified Report on Equity Changes of Shiyan Taixiang Industrial Co., Ltd.
• Zhongyuan Investment refers to Shiyan Zhongyuan Equity Investment Center (Limited Partnership).
• This Equity Change refers to the equity changes disclosed by the information disclosers in this report.
• Yuan refers to Renminbi Yuan.

5. Introduction of Information Disclosers

1. Basic Information of Information Disclosers

• Information Discloser 1:
  Name: Jiang Xue
  Gender: Female
  Nationality: China
  ID Number: 4226011974********
  Residence: Maojian District, Shiyan City, Hubei Province
  Address: Maojian District, Shiyan City, Hubei Province
  Other Residency Rights: No

• Information Discloser 2:
  Name: Wang Shibin
  Gender: Male
  Nationality: China
  ID Number: 4203001969********
  Residence: Maojian District, Shiyan City, Hubei Province
  Address: Maojian District, Shiyan City, Hubei Province
  Other Residency Rights: No

• Information Discloser 3:
  Name: Shiyan Zhongyuan Equity Investment Center (Limited Partnership)
  Unified Social Credit Code: 91420300343474996F
  Registered Address: No. 16, Guangzhou Road, Auto Parts City, Shiyan Economic Development Zone
  Executive Partner: Wang Shibin

2. Shareholding Situation of Partners

Wang Shibin holds 71.6216% of the shares, Jiang Xue holds 11.6216%, Ye Jinxing holds 4.0541%, Chen Hua holds 1.8919%, Wang Baowen holds 1.6216%, Liu Fei holds 1.6216%, Wang Kui holds 1.6216%, Zhang Xiuqi holds 1.6216%, Liu Zongwei holds 1.0811%, Zhu Gang holds 0.5405%, Li Bin holds 0.5405%, Liang Xia holds 0.5405%, Wu Chaoping holds 0.5405%, Yang Jingsong holds 0.5405%, Liu Tao holds 0.5405%.