Proposal for Issuance of Convertible Corporate Bonds to Non-Specific Targets

Stock Code: 301603 Stock Abbreviation: Qiaofeng Intelligent

Qiaofeng Intelligent Equipment Co., Ltd. Proposal for Issuance of Convertible Corporate Bonds to Non-Specific Targets

April 2026

Issuer Statement

1. The Company and all members of the Board of Directors guarantee that the information disclosed in this proposal is true, accurate, and complete, and confirm that there are no false records, misleading statements, or material omissions. They assume individual and joint legal liability for the truthfulness, accuracy, and completeness of the contents of this proposal.

2. Upon completion of this issuance of convertible corporate bonds to non-specific targets, the Company shall be solely responsible for any changes in its operations and earnings; investors shall be solely responsible for any investment risks arising from this issuance.

3. This proposal is the Board of Directors' explanation regarding this issuance of convertible corporate bonds to non-specific targets, and any statements to the contrary are untrue.

4. If investors have any questions, they should consult their brokers, lawyers, professional accountants, or other professional advisors.

5. The matters described in this proposal do not represent a substantive judgment, confirmation, approval, or registration by the approval or registration authorities regarding the matters related to this issuance of convertible corporate bonds to non-specific targets. The effectiveness and completion of the matters related to this issuance are subject to the deliberation of the Company's general meeting of shareholders and the issuance and listing review by the Shenzhen Stock Exchange, and can only be implemented after registration with the China Securities Regulatory Commission, with the final plan subject to the registration by the China Securities Regulatory Commission.

Table of Contents

1. Issuer Statement
2. Definitions
3. Explanation of Compliance with Conditions for Issuing Convertible Corporate Bonds to Non-Specific Targets
4. Overview of the Issuance (1) Type of Securities to be Issued (2) Issuance Scale (3) Par Value and Issuance Price (4) Bond Maturity (5) Coupon Rate (6) Term and Method of Principal and Interest Repayment (7) Conversion Period (8) Determination and Adjustment of Conversion Price (9) Downward Adjustment Clause for Conversion Price (10) Method for Determining Conversion Shares and Handling of Amounts Less Than One Share (11) Redemption Clause (12) Resale Clause (13) Attribution of Dividends in the Year of Conversion (14) Issuance Method and Targets (15) Arrangements for Allotment to Original Shareholders (16) Matters Related to Bondholders' Meetings (17) Use of Proceeds (18) Guarantee Matters (19) Rating Matters (20) Custody of Proceeds (21) Validity Period of the Issuance Plan
5. Financial Accounting Information and Management Discussion and Analysis (1) Financial Statements for the Last Three Years and One Period (2) Scope of Consolidated Financial Statements and Changes (3) Key Financial Indicators (4) Analysis of the Company's Financial Position
6. Use of Proceeds from Issuance to Non-Specific Targets
7. Profit Distribution (1) Company Profit Distribution Policy (2) Shareholder Dividend Return Plan for the Next Three Years (2026-2028) (3) Company Profit Distribution Since Listing
8. Statement of the Board of Directors Regarding the Absence of Dishonesty
9. Statement of the Board of Directors Regarding the Company's Refinancing Plan Within the Next Twelve Months

Definitions

In this proposal, unless the context otherwise requires, the following abbreviations and terms have the following meanings: