Zhiyang Innovation Technology Co., Ltd. Announcement on the Renewal of the Unanimous Action Agreement by the Company's Actual Controller

Stock Code: 688191 Stock Short Name: Zhiyaang Innovation Announcement No.: 2026-016

Zhiyaang Innovation Technology Co., Ltd.

Announcement on the Actual Controllers of the Company Renewing a Concerted Action Agreement

The board of directors of this company and all directors hereby guarantee that the contents of this announcement contain no false records, misleading statements, or material omissions, and assume legal responsibility for the truthfulness, accuracy, and completeness of the contents.

Zhiyaang Innovation Technology Co., Ltd. (hereinafter referred to as the “Company” or “Zhiyaang Innovation”) received on April 3, 2026 from the actual controllers, Liu Guoyong, Nie Shugang, and Zhao Yanquing, the “Supplementary Agreement to the ‘Concerted Action Agreement’.” The actual controllers, Liu Guoyong, Nie Shugang, and Zhao Yanquing, unanimously agreed to extend the effective term of the “Concerted Action Agreement” from five years after the Company’s first public offering of shares and their listing for trading to six years, i.e., until April 7, 2027. The specific details are as follows:

I. Background of the Renewal of the “Concerted Action Agreement”

To consolidate the Company’s control, stabilize the Company’s business and management, and better promote the Company’s development, the “Concerted Action Agreement” jointly signed on August 1, 2017 by Liu Guoyong, Nie Shugang, and Zhao Yanquing provides that, except for circumstances requiring avoidance in connection with related-party transactions, the parties to the agreement, as shareholders or directors of the Company, shall, after conducting sufficient communication regarding the matters to be submitted for review and reaching a consensus, make consistent voting opinions at the shareholders’ meeting or the board of directors’ meeting. The effective term of the agreement runs from August 1, 2017 to within five years after the Company’s first public offering of shares and their listing for trading. For specific content, please refer to the section “V. Basic Information of the Issuer,” under “(7) Basic Information of the Major Shareholders Holding More Than 5% of the Issuer’s Shares and the Actual Controller,” under “(1) Controlling Shareholders and Actual Controller,” sub-section “2. Basic Information of the Actual Controller” in the “Prospectus for the First Public Offering of Shares by Zhiyaang Innovation and Its Listing on the STAR Market” published by the Company on April 1, 2021 on the website of the Shanghai Stock Exchange (www.sse.com.cn).

Given that the Company was listed on the Shanghai Stock Exchange STAR Market on April 8, 2021, the effective term of the “Concerted Action Agreement” will expire on April 7, 2026. During the effective term of the “Concerted Action Agreement,” the above-mentioned concerted parties maintained consistent opinions in management and decision-making, and for the agreed concerted action matters, they fully complied with the provisions of the concerted action agreement and relevant commitments. No breach of the “Concerted Action Agreement” has occurred among any of the parties.

As of the date of disclosure of this announcement, Mr. Liu Guoyong directly holds 12,565,784 shares of the Company, indirectly holds 35,435,899 shares, and in total holds 48,001,683 shares of the Company, representing 20.72% of the Company’s total share capital; Mr. Nie Shugang directly holds 9,717,005 shares of the Company, indirectly holds 26,802,461 shares, and in total holds 36,519,466 shares of the Company, representing 15.76% of the Company’s total share capital; and Mr. Zhao Yanquing directly holds 7,225,010 shares of the Company, indirectly holds 19,499,150 shares, and in total holds 26,724,160 shares of the Company, representing 11.54% of the Company’s total share capital. In sum, the combined voting-rights control ratio of Liu Guoyong, Nie Shugang, and Zhao Yanquing is 48.02%.

II. Main Contents of the Supplementary Agreement to the “Concerted Action Agreement” Signed This Time

Given that the “Concerted Action Agreement” is approaching its expiration, following extensive consultation, Liu Guoyong, Nie Shugang, and Zhao Yanquing have recently signed the “Supplementary Agreement to the ‘Concerted Action Agreement’.” All parties unanimously agreed to extend the effective term of the “Concerted Action Agreement” from five years after the Company’s first public offering of shares and their listing for trading to six years, i.e., until April 7, 2027, and, in accordance with the “Concerted Action Agreement,” to continue to maintain concerted action when exercising the Company’s shareholder or director rights and matters.

III. Impact of the “Supplementary Agreement to the ‘Concerted Action Agreement’” Signed This Time on the Company

This signing of the “Supplementary Agreement to the ‘Concerted Action Agreement’” will not result in any change in the Company’s controlling shareholder or actual controller. The Company’s controlling shareholder remains Zibo Zhiyaang Holding Co., Ltd., and the actual controllers remain Liu Guoyong, Nie Shugang, and Zhao Yanquing. The total number of shares with voting rights held by the Company’s actual controllers has not changed. This does not trigger an obligation related to changes in equity interests. The relevant parties will continue to jointly comply with the relevant provisions and commitments regarding changes in equity interests, share reductions, and so on. The purpose of signing this “Supplementary Agreement to the ‘Concerted Action Agreement’” is to maintain stability in the Company’s actual controlling rights and consistency in decision-making on major matters, which is conducive to the continuity and stability of the Company’s development strategy and business management. It will not have any adverse impact on the Company’s daily operation and management, and there is no circumstance that damages the interests of small and medium investors.

This announcement is hereby issued.

Board of Directors of Zhiyaang Innovation Technology Co., Ltd.

April 4, 2026

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