Announcement on the Fulfillment of Vesting Conditions for the First Tranche of the 2024 Restricted Stock Incentive Plan and the First Tranche of the Reserved Portion

Securities Code: 301335 Securities Abbreviation: Tianyuan Pet Announcement No.: 2026-046

Hangzhou Tianyuan Pet Products Co., Ltd. Announcement on the Fulfillment of Vesting Conditions for the First Tranche of the 2024 Restricted Stock Incentive Plan and the First Tranche of the Reserved Portion

The Company and all members of the Board of Directors guarantee the content of the information disclosure is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.

Key Content Reminder:

1. The total number of eligible participants for this vesting is 72, including 49 participants from the initial grant and 23 participants from the reserved grant.
2. A total of 895,100 Class II restricted shares are proposed for vesting, accounting for 0.7053% of the Company's current total share capital. Of these, 643,500 shares are from the initial grant, and 251,600 shares are from the reserved grant.
3. The vesting price for these Class II restricted shares is RMB 8.69 per share (adjusted). The shares will be sourced from Class A ordinary shares issued by the Company to the incentive recipients.
4. Upon completion of the relevant procedures for the proposed vesting of Class II restricted shares, the Company will issue a notice regarding listing and circulation. Investors are kindly requested to pay attention.

Hangzhou Tianyuan Pet Products Co., Ltd. (hereinafter referred to as the "Company" or "this Company") held its 21st meeting of the Fourth Board of Directors on June 11, 2026, and deliberated and approved the "Proposal on the Fulfillment of Vesting Conditions for the Second Vesting Period of the First Tranche and the First Vesting Period of the Reserved Portion of the 2024 Restricted Stock Incentive Plan." The Board of Directors believes that the second vesting period of the first tranche and the first vesting period of the reserved portion of the 2024 Restricted Stock Incentive Plan (hereinafter referred to as the "Incentive Plan" or "this Incentive Plan") have met their vesting conditions. The total number of Class II restricted shares eligible for vesting is 895,100. The Company agrees to handle the vesting matters for the 72 eligible incentive recipients in accordance with the provisions of this Incentive Plan. The relevant situation is hereby announced as follows:

1

Summary of the Implementation of this Incentive Plan

1. Introduction to this Incentive Plan

The Company's "2024 Restricted Stock Incentive Plan (Draft)" (hereinafter referred to as the "Draft Incentive Plan") and its summary have been deliberated and approved by the Company's First Extraordinary General Meeting of Shareholders in 2024. The main contents are as follows: (1) Incentive instrument: Class II restricted shares; (2) Source of shares: Class A ordinary shares of the Company issued by the Company to the incentive recipients; (3) Number of restricted shares to be granted: The total number of restricted shares to be granted under this Incentive Plan shall not exceed 3.15 million shares, accounting for 2.50% of the Company's total share capital of 126 million shares as of the announcement date of the Draft Incentive Plan. Among them, the initial grant of restricted shares shall not exceed 2.58 million shares, accounting for approximately 2.05% of the Company's total share capital of 126 million shares as of the announcement date of the Draft Incentive Plan, and approximately 81.90% of the total number of restricted shares to be granted under this Incentive Plan; the reserved portion is 0.57 million shares, accounting for approximately 0.45% of the Company's total share capital of 126 million shares as of the announcement date of the Draft Incentive Plan, and approximately 18.10% of the total number of restricted shares to be granted under this Incentive Plan. (4) Allocation of restricted shares granted to incentive recipients: The total number of incentive recipients for the initial grant of this Incentive Plan shall not exceed 54, including directors, senior management personnel, and other personnel whom the Board of Directors deems worthy of incentives, employed by the Company (including its subsidiaries, the same below) at the time of announcing this equity incentive plan. The incentive recipients do not include independent directors and supervisors. The allocation of restricted shares granted under this Incentive Plan among the incentive recipients is as follows (before adjustment):