Milky Way Intelligent Supply Chain Service Group Co., Ltd. Daily Announcement Series

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Stock code: 603713 Stock short name: Milkvur Intelligent Supply Chain Announcement No.: 2026-017

Bond code: 113658 Convertible bond short name: Milvweiv Convertible Bond

Milkvur Intelligent Supply Chain Service Group Co., Ltd.

Announcement on Completing the Industrial and Commercial Registration for Changes to Registered Capital and Business Scope

The board of directors of the Company and all directors hereby confirm that there are no false records, misleading statements, or material omissions in the contents of this announcement, and assume legal responsibility for the truthfulness, accuracy, and completeness of the contents.

I. Explanation of the Changes to Registered Capital and Business Scope

Milkvur Intelligent Supply Chain Service Group Co., Ltd. (hereinafter referred to as the “Company”) convened the 10th meeting of the 4th session of the board of directors on January 26, 2026, which considered and approved the proposal titled “Proposal on Changing Registered Capital, Business Scope, and Amending the ,” agreeing to change the Company’s registered capital from RMB 158.16M to RMB 158.13M; in order to expand new profit growth points and meet the needs of the Company’s business development, it agreed to change the business scope. For the specific content, please refer to the Company’s announcement disclosed on January 27, 2026: “Announcement of Milkvur Intelligent Supply Chain Service Group Co., Ltd. on Changing Registered Capital, Business Scope, Amending the , and Certain Systems” (Announcement No.: 2026-006). This matter was approved at the 1st Extraordinary General Meeting of Shareholders in 2026 held on February 11, 2026.

II. Details of the Changes

(I) Change in Registered Capital

Before the change: 158.16M RMB

After the change: 158.13M RMB

(II) Change in Business Scope

Before the change:

Permitted items: Road freight transport (excluding hazardous goods). (For projects that require approval according to law, business activities may be carried out only after approval by relevant authorities; the specific business projects shall be subject to the approval documents or licenses issued by relevant authorities)

General items: Sea international cargo transportation agency; Air international cargo transportation agency; Land international cargo transportation agency; International cargo transportation agency; Business of non-vessel carrier; Customs clearance business; Inspection and quarantine business; Import and export of goods; Technology import and export; Domestic cargo transportation agency; Loading, unloading and handling; Leasing of mechanical equipment; Aviation business services; Sales of chemical products (excluding permitted chemical products); Sales of containers; Container repair; Container leasing services; Corporate management consulting. (Except for projects subject to approval according to law, the Company may conduct business activities independently in accordance with the law, based on its business license)

After the change:

Permitted items: Road freight transport (excluding hazardous goods). (For projects that require approval according to law, business activities may be carried out only after approval by relevant authorities; the specific business projects shall be subject to the approval documents or licenses issued by relevant authorities)

General items: Sea international cargo transportation agency; Air international cargo transportation agency; Land international cargo transportation agency; International cargo transportation agency; Business of non-vessel carrier; Customs clearance business; Inspection and quarantine business; Import and export of goods; Technology import and export; Domestic cargo transportation agency; Loading, unloading and handling; Leasing of mechanical equipment; Aviation business services; Sales of chemical products (excluding permitted chemical products); Sales of metal materials; Sales of rare-earth functional materials; Sales of non-metallic minerals and products; Sales of electronic materials for special use; Sales of new metal functional materials; Sales of pulp; Sales of rubber products; Sales of containers; Container repair; Container leasing services; Corporate management consulting. (Except for projects subject to approval according to law, the Company may conduct business activities independently in accordance with the law, based on its business license)

III. Specific Details of the Business License After the Change

Recently, the relevant industrial and commercial registration procedures for the change have been completed, and the Company has obtained a business license reissued by the Shanghai Municipal Administration for Market Regulation. The specific details after the change are as follows:

Company name: Milkvur Intelligent Supply Chain Service Group Co., Ltd.

Unified social credit code: 91310000630965915K

Legal representative: Chen Yinhe

Registered capital: RMB 91310000.63T (in words: RMB fifteen thousand eight hundred twelve point seven one nine zero million)

Domicile: No. 158 Jinkui Road, 4th-11th floors, China (Shanghai) Pilot Free Trade Zone

Type: Joint-stock company (publicly listed; investment or control by natural persons)

Date of establishment: March 28, 1997

Business scope:

Permitted items: Road freight transport (excluding hazardous goods). (For projects that require approval according to law, business activities may be carried out only after approval by relevant authorities; the specific business projects shall be subject to the approval documents or licenses issued by relevant authorities)

General items: Sea international cargo transportation agency; Air international cargo transportation agency; Land international cargo transportation agency; International cargo transportation agency; Business of non-vessel carrier; Customs clearance business; Inspection and quarantine business; Import and export of goods; Technology import and export; Domestic cargo transportation agency; Loading, unloading and handling; Leasing of mechanical equipment; Aviation business services; Sales of chemical products (excluding permitted chemical products); Sales of metal materials; Sales of rare-earth functional materials; Sales of non-metallic minerals and products; Sales of electronic materials for special use; Sales of new metal functional materials; Sales of pulp; Sales of rubber products; Sales of containers; Container repair; Container leasing services; Corporate management consulting. (Except for projects subject to approval according to law, the Company may conduct business activities independently in accordance with the law, based on its business license)

This announcement is hereby given.

Board of Directors of Milkvur Intelligent Supply Chain Service Group Co., Ltd.

April 2, 2026

Stock code: 603713 Stock short name: Milkvur Announcement No.: 2026-018

Bond code: 113658 Convertible bond short name: Milvweiv Convertible Bond

Milkvur Intelligent Supply Chain Service Group Co., Ltd.

Announcement on Convening the 2025 Annual Performance

and Cash Dividend Explanation Session

The board of directors of the Company and all directors hereby confirm that there are no false records, misleading statements, or material omissions in the contents of this announcement, and assume legal responsibility for the truthfulness, accuracy, and completeness of the contents.

Key Matters Presented:

● Time of meeting: April 10, 2026 (Friday) 13:00-14:00

● Location of meeting: Shanghai Stock Exchange SSE Roadshow Center (website:

● Method of meeting: Network interaction at the SSE Roadshow Center

● Investors may submit questions to the SSE Roadshow Center website homepage by clicking the “Question Pre-collection” section before 16:00 on April 9, 2026 (Thursday) from 13:00 on April 2, 2026 (Thursday) or through the company email ir@mwclg.com. The Company will answer questions that investors generally care about at the explanation session.

Milkvur Intelligent Supply Chain Service Group Co., Ltd. (hereinafter referred to as the “Company”) will release its 2025 annual report on April 10, 2026. To help the general body of investors understand the Company’s 2025 annual operating results and financial position more comprehensively and in depth, the Company plans to hold the 2025 Annual Performance and Cash Dividend Explanation Session on April 10, 2026 from 13:00 to 14:00, and will exchange views on issues of concern to investors.

I. Type of the Explanation Session

This investors’ explanation session will be held in the form of online interaction. The Company will engage with investors through interactive communication regarding the specific circumstances of the 2025 annual operating results and financial indicators, and will answer questions that investors generally care about within the scope permitted for information disclosure.

II. Time and Location of the Explanation Session

(I) Time of meeting: April 10, 2026 (Friday) 13:00-14:00

(II) Location of meeting: SSE Roadshow Center

(III) Method of meeting: Network interaction at the SSE Roadshow Center

III. Participants

Mr. Chen Yinhe, Chairman of the Company and General Manager; Mr. Yu Jian, independent director; Ms. Miu Leimin, deputy general manager and secretary to the board of directors; Mr. Yang Bo, chief financial officer.

IV. Ways for Investors to Participate

(I) Investors may, during 13:00-14:00 on April 10, 2026, log in to the SSE Roadshow Center via the internet (, and participate online in this performance briefing. The Company will promptly answer investors’ questions.

(II) Investors may log in to the SSE Roadshow Center website homepage before 16:00 on April 9, 2026 (Thursday) from April 2, 2026 (Thursday), and click the “Question Pre-collection” section (

V. Contact Persons and Consultation Methods

Contact person: Miu Leimin

Telephone: 021-80228498

Email: ir@mwclg.com

VI. Other Matters

After the convening of this investors’ explanation session, investors can view the information on the convening status and key contents of this investors’ explanation session through the SSE Roadshow Center (

This announcement is hereby given.

Board of Directors of Milkvur Intelligent Supply Chain Service Group Co., Ltd.

April 2, 2026

Stock code: 603713 Stock short name: Milkvur Announcement No.: 2026-016

Bond code: 113658 Convertible bond short name: Milvweiv Convertible Bond

Milkvur Intelligent Supply Chain Service Group Co., Ltd.

Announcement on the Results of Conversion of Convertible Bonds

and Changes in Shares

The board of directors of the Company and all directors hereby confirm that there are no false records, misleading statements, or material omissions in the contents of this announcement, and assume legal responsibility for the truthfulness, accuracy, and completeness of the contents.

Key Matters Presented:

● Convertible bonds not converted: As of March 31, 2026, the amount of “Milvweiv Convertible Bond” not yet converted is RMB 872,241,000, accounting for 99.98% of the total issuance amount of “Milvweiv Convertible Bond.”

● Conversion during this quarter: From January 1, 2026 to March 31, 2026, the amount converted of “Milvweiv Convertible Bond” is RMB 24,000, and the number of shares formed by conversion is 430 shares, accounting for 0.0003% of the total share capital of Milkvur Intelligent Supply Chain Service Group Co., Ltd. (formerly Milkvur Chemical Supply Chain Service Co., Ltd.; hereinafter referred to as the “Company”) before conversion of “Milvweiv Convertible Bond.”

I. Overview of the Issuance of Convertible Bonds and Listing

(I) Overview of the Issuance of Convertible Bonds

Approved by the China Securities Regulatory Commission’s reply titled “Reply on Approving the Public Offering of Convertible Corporate Bonds by Milkvur Chemical Supply Chain Service Co., Ltd.” (CSRC License [2022] No. 1905), the Company publicly issued 8,723,880 convertible bonds on September 16, 2022, with a face value of RMB 100 per bond and an aggregate issuance amount of RMB 872.39M.

(II) Overview of the Listing of Convertible Bonds

With approval from the “Notice on the Listing and Trading of Convertible Bonds of Milkvur Chemical Supply Chain Service Co., Ltd.” (Shanghai Stock Exchange Self-Regulatory Decision Letter [2022] No. 282), the Company’s convertible bonds with an amount of RMB 158.13M began trading on the Shanghai Stock Exchange starting from October 25, 2022. The bond abbreviation is “Milvweiv Convertible Bond,” and the bond code is “113658.”

(III) Explanation of the Conversion Price of the Convertible Bonds

According to relevant regulations and the terms of the “Offering Memorandum of Convertible Bonds Issued Publicly by Milkvur Chemical Supply Chain Service Co., Ltd.” (hereinafter referred to as the “Offering Memorandum”), the “Milvweiv Convertible Bond” issued by the Company may be converted into the Company’s shares starting March 22, 2023.

Pursuant to the conversion price adjustment provisions in the “Offering Memorandum,” after the issuance of these convertible bonds, when the Company distributes stock dividends, converts capital reserves into share capital, issues new shares (excluding share capital added due to conversion of these convertible bonds), conducts rights issues, or distributes cash dividends, etc., the conversion price will be adjusted accordingly.

1. On September 29, 2022, the Company convened the 13th meeting of the 3rd session of the board of directors and the 11th meeting of the 3rd session of the board of supervisors, respectively, and considered and approved proposals including “Proposal on Repurchasing and Canceling Part of the Restricted Shares Granted under the 2019 Restricted Stock Incentive Plan,” etc. According to the relevant provisions of the “2019 Restricted Stock Incentive Plan of Milkvur Chemical Supply Chain Service Co., Ltd.” (hereinafter referred to as the “2019 Restricted Stock Incentive Plan”), due to the departure of one incentive participant and the death of one incentive participant among the incentive participants under this incentive plan, they no longer qualify as incentive participants. Therefore, the restricted shares that have been granted but have not yet been unlocked for those participants may not be unlocked. Pursuant to the Company’s “2019 Restricted Stock Incentive Plan” and the authorization of the Third Extraordinary General Meeting of Shareholders in 2019, the Company planned to repurchase and cancel a total of 80,000 shares of restricted stock that have been granted but have not yet been unlocked. For details, please refer to the Company’s “Announcement of Milkvur Chemical Supply Chain Service Co., Ltd. on Repurchasing and Canceling Part of the Restricted Shares Granted under the 2019 Restricted Stock Incentive Plan” (Announcement No.: 2022-139) disclosed on the website of the Shanghai Stock Exchange (www.sse.com.cn) on October 1, 2022.

On December 19, 2022, the Company completed the cancellation procedures for the 80,000 restricted shares under its 2019 restricted stock incentive plan and received the “Securities Change Registration Proof” issued by the Shanghai Branch of China Securities Depository and Clearing Co., Ltd. Due to changes in the Company’s share capital, it is necessary to adjust the conversion price of the “Milvweiv Convertible Bond” accordingly, from the original 134.55 yuan per share to 134.61 yuan per share. This adjustment complies with the relevant provisions of the Company’s “Offering Memorandum.” For details, please refer to the Company’s “Announcement of Milkvur Chemical Supply Chain Service Co., Ltd. on Completion of Implementation of Repurchase and Cancellation of Restricted Stock and Adjustment of the Conversion Price of the ‘Milvweiv Convertible Bond’” (Announcement No.: 2022-176) disclosed on the website of the Shanghai Stock Exchange (www.sse.com.cn) on December 21, 2022.

2. On March 21, 2023, the Company convened the 21st meeting of the 3rd session of the board of directors and the 16th meeting of the 3rd session of the board of supervisors, respectively, and considered and approved proposals including “Proposal on the 2022 Annual Profit Distribution Plan,” etc. According to the relevant provisions of the “2022 Annual Profit Distribution Plan,” the Company proposed to distribute cash dividends of RMB 5.5 (including tax) for every 10 shares to all shareholders. For details, please refer to the Company’s “Announcement of Milkvur Chemical Supply Chain Service Co., Ltd. on the 2022 Annual Profit Distribution Plan” (Announcement No.: 2023-029) disclosed on the website of the Shanghai Stock Exchange (www.sse.com.cn) on March 22, 2023.

Due to the Company’s implementation of the 2022 annual profit distribution plan, it is necessary to adjust the conversion price of the “Milvweiv Convertible Bond” accordingly, from the original 134.61 yuan per share to 134.06 yuan per share. This adjustment complies with the relevant provisions of the Company’s “Offering Memorandum.” For details, please refer to the Company’s “Announcement of Milkvur Chemical Supply Chain Service Co., Ltd. on Adjusting the Conversion Price of the ‘Milvweiv Convertible Bond’” (Announcement No.: 2023-064) disclosed on the website of the Shanghai Stock Exchange (www.sse.com.cn) on May 16, 2023.

3. On March 21, 2023, the Company convened the 21st meeting of the 3rd session of the board of directors and the 16th meeting of the 3rd session of the board of supervisors, respectively, and considered and approved “Proposal on Repurchasing and Canceling Part of the Restricted Shares Granted under the 2019 Restricted Stock Incentive Plan.” According to the relevant provisions of the Company’s “2019 Restricted Stock Incentive Plan,” due to the departure of one incentive participant among the incentive participants under this incentive plan, they no longer qualify as an incentive participant. Accordingly, the restricted shares that have been granted but have not yet been unlocked may not be unlocked. Pursuant to the Company’s “2019 Restricted Stock Incentive Plan” and the authorization of the Third Extraordinary General Meeting of Shareholders in 2019, the Company proposed to repurchase and cancel a total of 1,250 restricted shares granted to those participants but not yet unlocked. For details, please refer to the Company’s “Announcement of Milkvur Chemical Supply Chain Service Co., Ltd. on the Implementation of Repurchase and Cancellation of Restricted Shares for Part of the Equity Incentive” (Announcement No.: 2023-069) disclosed on the website of the Shanghai Stock Exchange (www.sse.com.cn) on June 1, 2023.

On June 6, 2023, the Company received the “Securities Change Registration Proof” issued by the Shanghai Branch of China Securities Depository and Clearing Co., Ltd. The cancellation of the 1,250 restricted shares under the Company’s 2019 restricted stock incentive plan was completed on June 5, 2023. Since the restricted shares involved in this repurchase and cancellation account for a relatively small proportion of the Company’s total share capital, after calculation and rounding, the conversion price of the “Milvweiv Convertible Bond” remains unchanged after completion of this repurchase and cancellation of restricted shares. This no-adjustment of the conversion price complies with the relevant provisions of the Company’s “Offering Memorandum.” For details, please refer to the Company’s “Announcement of Milkvur Chemical Supply Chain Service Co., Ltd. on Not Adjusting the Conversion Price of the Convertible Bonds after Repurchasing and Canceling Restricted Shares” (Announcement No.: 2023-076) disclosed on the website of the Shanghai Stock Exchange (www.sse.com.cn) on June 7, 2023.

4. On August 14, 2023, the Company convened the 26th meeting of the 3rd session of the board of directors and the 20th meeting of the 3rd session of the board of supervisors, respectively, and considered and approved proposals including “Proposal on Repurchasing and Canceling Part of the Restricted Shares Granted under the 2019 Restricted Stock Incentive Plan.” According to the relevant provisions of the Company’s “2019 Restricted Stock Incentive Plan,” due to the departure of one incentive participant among the incentive participants under this incentive plan, they no longer qualify as an incentive participant. Therefore, the restricted shares that have been granted but have not yet been unlocked may not be unlocked. Pursuant to the Company’s “2019 Restricted Stock Incentive Plan” and the authorization of the Third Extraordinary General Meeting of Shareholders in 2019, the Company proposed to repurchase and cancel a total of 12,500 restricted shares granted to those participants but not yet unlocked. For details, please refer to the Company’s “Announcement of Milkvur Chemical Supply Chain Service Co., Ltd. on the Implementation of Repurchasing and Canceling Restricted Shares for Part of the Equity Incentive” (Announcement No.: 2023-125) disclosed on the website of the Shanghai Stock Exchange (www.sse.com.cn) on October 17, 2023.

On October 20, 2023, the Company received the “Securities Change Registration Proof” issued by the Shanghai Branch of China Securities Depository and Clearing Co., Ltd. The cancellation of the 12,500 restricted shares under the Company’s 2019 restricted stock incentive plan was completed on October 19, 2023. Due to changes in the Company’s share capital, it is necessary to adjust the conversion price of the “Milvweiv Convertible Bond” accordingly, from the original 134.06 yuan per share to 134.07 yuan per share. This adjustment complies with the relevant provisions of the Company’s “Offering Memorandum.” For details, please refer to the Company’s “Announcement of Milkvur Chemical Supply Chain Service Co., Ltd. on Completion of Implementation of Repurchasing and Canceling Restricted Shares and Adjustment of the Conversion Price of the ‘Milvweiv Convertible Bond’” (Announcement No.: 2023-126) disclosed on the website of the Shanghai Stock Exchange (www.sse.com.cn) on October 21, 2023.

5. On October 25, 2023, the Company convened the 29th meeting of the 3rd session of the board of directors and the 22nd meeting of the 3rd session of the board of supervisors, respectively, and considered and approved “Proposal on Repurchasing and Canceling Part of the Restricted Shares Granted under the 2019 Restricted Stock Incentive Plan” and “Proposal on Repurchasing and Canceling Part of the Restricted Shares Granted under the 2021 Stock Option and Restricted Stock Incentive Plan.” Given that, in the 2019 restricted stock incentive plan, one incentive participant among those initially granted was found to have harmed the Company’s interests due to actions such as violating laws and breaching professional ethics, which led to the termination of the labor relationship with that participant and thus they no longer qualify as an incentive participant; and in the 2021 stock option and restricted stock incentive plan, one incentive participant no longer qualifies as an incentive participant due to resignation. Pursuant to the “Administrative Measures for Equity Incentive of Listed Companies,” the “2019 Restricted Stock Incentive Plan,” and the “2021 Stock Option and Restricted Stock Incentive Plan of Milkvur Chemical Supply Chain Service Co., Ltd.” (hereinafter referred to as the “2021 Stock Option and Restricted Stock Incentive Plan”), as well as the authorization of the Third Extraordinary General Meeting of Shareholders in 2019 and the Third Extraordinary General Meeting of Shareholders in 2021, the Company will repurchase and cancel a total of 78,000 restricted shares granted to those incentive participants but not yet unlocked. For details, please refer to the Company’s “Announcement of Milkvur Chemical Supply Chain Service Co., Ltd. on the Implementation of Repurchasing and Canceling Restricted Shares for Part of the Equity Incentive” (Announcement No.: 2023-161) disclosed on the website of the Shanghai Stock Exchange (www.sse.com.cn) on December 21, 2023.

On December 25, 2023, the Company received the “Securities Change Registration Proof” issued by the Shanghai Branch of China Securities Depository and Clearing Co., Ltd. The cancellation of a total of 78,000 restricted shares under the Company’s 2019 restricted stock incentive plan and 2021 stock option and restricted stock incentive plan has been completed. Due to changes in the Company’s share capital, it is necessary to adjust the conversion price of the “Milvweiv Convertible Bond” accordingly, from the original 134.07 yuan per share to 134.11 yuan per share. This adjustment complies with the relevant provisions of the Company’s “Offering Memorandum.” For details, please refer to the Company’s “Announcement of Milkvur Chemical Supply Chain Service Co., Ltd. on Completion of Implementation of Repurchasing and Canceling Restricted Shares and Adjustment of the Conversion Price of the ‘Milvweiv Convertible Bond’” (Announcement No.: 2023-164) disclosed on the website of the Shanghai Stock Exchange (www.sse.com.cn) on December 26, 2023.

6. Given that from March 12, 2024 to April 1, 2024, for 15 consecutive trading days, the closing price of the Company’s stock was below 90% of the then conversion price (120.70 yuan per share), the downward adjustment provisions for the conversion price of the “Milvweiv Convertible Bond” were triggered. On April 1, 2024 and May 6, 2024, respectively, the Company held the 34th meeting of the 3rd session of the board of directors and the 2023 annual general meeting of shareholders, respectively, and considered and approved the “Proposal on Downward Revision of the Conversion Price of the ‘Milvweiv Convertible Bond.’” According to the relevant terms of the “Offering Memorandum” and the authorization of the Company’s 2023 annual general meeting of shareholders, after taking into account the Company’s actual circumstances, the board of directors agreed to downwardly revise the conversion price of the “Milvweiv Convertible Bond” from 134.11 yuan per share to 57.00 yuan per share. For details, please refer to the Company’s “Announcement of Milkvur Intelligent Supply Chain Service Group Co., Ltd. on Downwardly Revising the Conversion Price of the ‘Milvweiv Convertible Bond’ and the Resumption of Trading with Conversion Suspended” (Announcement No.: 2024-061) disclosed on the website of the Shanghai Stock Exchange (www.sse.com.cn) on May 7, 2024.

7. On April 11, 2024, the Company convened the 35th meeting of the 3rd session of the board of directors and the 26th meeting of the 3rd session of the board of supervisors, respectively, and considered and approved proposals including “Proposal on the <Company’s 2023 Annual Profit Distribution Plan>,” etc. According to the relevant provisions of the Company’s “2023 Annual Profit Distribution Plan,” the Company proposed to distribute cash dividends of RMB 5.3 (including tax) for every 10 shares to all shareholders. For details, please refer to the Company’s “Announcement of Milkvur Intelligent Supply Chain Service Group Co., Ltd. on the 2023 Annual Profit Distribution Plan” (Announcement No.: 2024-036) disclosed on the website of the Shanghai Stock Exchange (www.sse.com.cn) on April 12, 2024.

Due to the Company’s implementation of the 2023 annual profit distribution plan, it is necessary to adjust the conversion price of the “Milvweiv Convertible Bond” accordingly, from the original 57.00 yuan per share to 56.48 yuan per share. This adjustment complies with the relevant provisions of the Company’s “Offering Memorandum.” For details, please refer to the Company’s “Announcement of Milkvur Intelligent Supply Chain Service Group Co., Ltd. on Adjusting the Conversion Price of the ‘Milvweiv Convertible Bond’” (Announcement No.: 2024-072) disclosed on the website of the Shanghai Stock Exchange (www.sse.com.cn) on May 22, 2024.

8. On April 11, 2024, the Company convened the 35th meeting of the 3rd session of the board of directors and the 26th meeting of the 3rd session of the board of supervisors, respectively, and considered and approved proposals including “Proposal on Not Meeting the Unlocking Conditions for the Third Unlocking Period of the Restricted Shares Granted Under the 2021 Stock Option and Restricted Stock Incentive Plan and Repurchasing and Canceling Part of the Restricted Shares,” etc. Given that the Company-level performance appraisal target for the third unlocking period of the restricted shares granted under the 2021 stock option and restricted stock incentive plan was not achieved, the unlocking conditions were not met. Pursuant to the relevant provisions of the “Administrative Measures for Equity Incentive of Listed Companies” and the “2021 Stock Option and Restricted Stock Incentive Plan,” and the authorization of the Third Extraordinary General Meeting of Shareholders in 2021, the Company will repurchase and cancel the 56,775 restricted shares corresponding to the third unlocking period that were granted but not yet unlocked for six incentive participants whose restricted shares were granted under this incentive plan. For details, please refer to the Company’s “Announcement of Milkvur Intelligent Supply Chain Service Group Co., Ltd. on the Implementation of Repurchasing and Canceling Restricted Shares for Part of the Equity Incentive” (Announcement No.: 2024-086) disclosed on the website of the Shanghai Stock Exchange (www.sse.com.cn) on July 11, 2024.

On July 16, 2024, the Company received the “Securities Change Registration Proof” issued by the Shanghai Branch of China Securities Depository and Clearing Co., Ltd. The cancellation of a total of 56,775 restricted shares under the 2021 stock option and restricted stock incentive plan was completed on July 15, 2024. Since the restricted shares involved in this repurchase and cancellation account for a relatively small proportion of the Company’s total share capital, after calculation and rounding, the conversion price of the “Milvweiv Convertible Bond” remains unchanged after completion of this repurchase and cancellation of restricted shares. This no-adjustment of the conversion price complies with the relevant provisions of the Company’s “Offering Memorandum.” For details, please refer to the Company’s “Announcement of Milkvur Intelligent Supply Chain Service Group Co., Ltd. on Not Adjusting the Conversion Price of the Convertible Bonds after Repurchasing and Canceling Restricted Shares” (Announcement No.: 2024-087) disclosed on the website of the Shanghai Stock Exchange (www.sse.com.cn) on July 17, 2024.

9. The Company held the 38th meeting of the 3rd session of the board of directors on July 8, 2024 and the 1st Extraordinary General Meeting of Shareholders in 2024 on July 24, 2024, and considered and approved proposals including “Proposal on Changing the Purpose of Repurchased Shares and Canceling the Same,” etc. The Company agreed to cancel 2,290,159 shares of treasury stock held in the repurchase special securities account and to reduce registered capital accordingly. For details, please refer to the Company’s “Announcement of Milkvur Intelligent Supply Chain Service Group Co., Ltd. on Implementing the Cancellation of Repurchased Shares and Changes in Shares” (Announcement No.: 2024-116) disclosed on the website of the Shanghai Stock Exchange (www.sse.com.cn) on September 11, 2024.

The cancellation of the above 2,290,159 repurchased shares was completed on September 11, 2024. Due to changes in the Company’s share capital, it is necessary to adjust the conversion price of the “Milvweiv Convertible Bond” accordingly, from the original 56.48 yuan per share to 56.31 yuan per share. This adjustment complies with the relevant provisions of the Company’s “Offering Memorandum.” For details, please refer to the Company’s “Announcement of Milkvur Intelligent Supply Chain Service Group Co., Ltd. on Adjusting the Conversion Price of the ‘Milvweiv Convertible Bond’ and the Resumption of Trading with Conversion Suspended” (Announcement No.: 2024-118) disclosed on the website of the Shanghai Stock Exchange (www.sse.com.cn) on September 13, 2024.

10. The Company held the 39th meeting of the 3rd session of the board of directors on August 1, 2024 and the 2nd meeting of the 4th session of the board of directors on October 16, 2024, which considered and approved proposals including “Proposal on Repurchasing and Canceling Part of the Restricted Shares Granted under the 2021 Stock Option and Restricted Stock Incentive Plan” and “Proposal on Repurchasing and Canceling Restricted Shares under the 2024 Stock Option and Restricted Stock Incentive Plan,” etc. Given that, under the 2021 stock option and restricted stock incentive plan and the 2024 stock option and restricted stock incentive plan, a total of two incentive participants no longer qualify as incentive participants due to resignation, pursuant to the relevant provisions of the “Administrative Measures for Equity Incentive of Listed Companies,” the “2021 Stock Option and Restricted Stock Incentive Plan,” and the “2024 Stock Option and Restricted Stock Incentive Plan of Milkvur Intelligent Supply Chain Service Group Co., Ltd.” and the authorization of the Third Extraordinary General Meeting of Shareholders in 2021 and the 2023 annual general meeting of shareholders, the Company will repurchase and cancel a total of 121,000 restricted shares corresponding to the incentive participants that have been granted but have not yet been unlocked. For details, please refer to the Company’s “Announcement of Milkvur Intelligent Supply Chain Service Group Co., Ltd. on the Implementation of Repurchasing and Canceling Restricted Shares for Part of the Equity Incentive” (Announcement No.: 2024-152) disclosed on the website of the Shanghai Stock Exchange (www.sse.com.cn) on December 10, 2024.

On December 13, 2024, the Company received the “Securities Change Registration Proof” issued by the Shanghai Branch of China Securities Depository and Clearing Co., Ltd. The cancellation of a total of 121,000 restricted shares under the 2021 stock option and restricted stock incentive plan and the 2024 stock option and restricted stock incentive plan was completed on December 12, 2024. Due to changes in the Company’s share capital, it is necessary to adjust the conversion price of the “Milvweiv Convertible Bond” accordingly, from the original 56.31 yuan per share to 56.33 yuan per share. This adjustment complies with the relevant provisions of the Company’s “Offering Memorandum.” For details, please refer to the Company’s “Announcement of Milkvur Intelligent Supply Chain Service Group Co., Ltd. on Adjusting the Conversion Price of the ‘Milvweiv Convertible Bond’ and the Resumption of Trading with Conversion Suspended” (Announcement No.: 2024-154) disclosed on the website of the Shanghai Stock Exchange (www.sse.com.cn) on December 16, 2024.

11. On October 22, 2024 and November 7, 2024, respectively, the Company held the 3rd meeting of the 4th session of the board of directors and the 3rd Extraordinary General Meeting of Shareholders in 2024, which considered and approved proposals including “Proposal on Changing the Purpose of the Previous Share Repurchase and Canceling the Same,” etc. The Company agreed to cancel 1,129,700 shares of treasury stock held in the repurchase special securities account and to reduce registered capital accordingly. For details, please refer to the Company’s “Announcement of Milkvur Intelligent Supply Chain Service Group Co., Ltd. on Implementing the Cancellation of Repurchased Shares and Changes in Shares” (Announcement No.: 2024-156) disclosed on the website of the Shanghai Stock Exchange (www.sse.com.cn) on December 24, 2024.

The cancellation of the above 1,129,700 repurchased shares was completed on December 24, 2024. Due to changes in the Company’s share capital, it is necessary to adjust the conversion price of the “Milvweiv Convertible Bond” accordingly, from the original 56.33 yuan per share to 56.38 yuan per share. This adjustment complies with the relevant provisions of the Company’s “Offering Memorandum.” For details, please refer to the Company’s “Announcement of Milkvur Intelligent Supply Chain Service Group Co., Ltd. on Adjusting the Conversion Price of the ‘Milvweiv Convertible Bond’ and the Resumption of Trading with Conversion Suspended” (Announcement No.: 2024-157) disclosed on the website of the Shanghai Stock Exchange (www.sse.com.cn) on December 26, 2024.

12. On October 22, 2024 and November 7, 2024, respectively, the Company held the 3rd meeting of the 4th session of the board of directors and the 3rd Extraordinary General Meeting of Shareholders in 2024, which considered and approved “Proposal on Repurchasing Shares Using Bank Special Loans and Self-owned Funds.” The Company agreed to use the special loan provided by the Shanghai Branch of China Merchants Bank Co., Ltd. and the Company’s own funds to repurchase the Company’s shares in a centralized bidding transaction manner. All repurchased shares will be used for cancellation and to reduce registered capital accordingly. On February 6, 2025, the Company’s share repurchase period for this round expired. Through the centralized bidding method, the Company actually repurchased 2,533,517 shares. For details, please refer to the Company’s “Announcement of Milkvur Intelligent Supply Chain Service Group Co., Ltd. on the Results of the Share Repurchase Implementation and Changes in Shares” (Announcement No.: 2025-010) disclosed on the website of the Shanghai Stock Exchange (www.sse.com.cn) on February 7, 2025.

The cancellation of the above 2,533,517 repurchased shares was completed on February 7, 2025. Due to changes in the Company’s share capital, it is necessary to adjust the conversion price of the “Milvweiv Convertible Bond” accordingly, from the original 56.38 yuan per share to 56.43 yuan per share. This adjustment complies with the relevant provisions of the Company’s “Offering Memorandum.” For details, please refer to the Company’s “Announcement of Milkvur Intelligent Supply Chain Service Group Co., Ltd. on Adjusting the Conversion Price of the ‘Milvweiv Convertible Bond’ and the Resumption of Trading with Conversion Suspended” (Announcement No.: 2025-012) disclosed on the website of the Shanghai Stock Exchange (www.sse.com.cn) on February 11, 2025.

13. On April 13, 2025, the Company convened the 6th meeting of the 4th session of the board of directors and the 5th meeting of the 4th session of the board of supervisors, respectively, and considered and approved proposals including “Proposal on the <Company’s 2024 Annual Profit Distribution Plan>,” etc. According to the relevant provisions of the Company’s “2024 Annual Profit Distribution Plan,” the Company proposed to distribute cash dividends of RMB 7.1 (including tax) for every 10 shares to all shareholders. For details, please refer to the Company’s “Announcement of Milkvur Intelligent Supply Chain Service Group Co., Ltd. on the 2024 Annual Profit Distribution Plan” (Announcement No.: 2025-029) disclosed on the website of the Shanghai Stock Exchange (www.sse.com.cn) on April 15, 2025.

Due to the Company’s implementation of the 2024 annual profit distribution plan, it is necessary to adjust the conversion price of the “Milvweiv Convertible Bond” accordingly, from the original 56.43 yuan per share to 55.72 yuan per share. This adjustment complies with the relevant provisions of the Company’s “Offering Memorandum.” For details, please refer to the Company’s “Announcement of Milkvur Intelligent Supply Chain Service Group Co., Ltd. on Adjusting the Conversion Price of the ‘Milvweiv Convertible Bond’” (Announcement No.: 2025-057) disclosed on the website of the Shanghai Stock Exchange (www.sse.com.cn) on May 27, 2025.

14. On April 13, 2025, the Company held the 6th meeting of the 4th session of the board of directors and considered and approved proposals including “Proposal on Not Meeting the Unlocking Conditions for the Fourth Unlocking Period of the Restricted Shares Granted under the 2021 Stock Option and Restricted Stock Incentive Plan and Repurchasing and Canceling Restricted Shares,” etc. Given that the Company-level performance appraisal target for the fourth unlocking period of the restricted shares granted under the 2021 stock option and restricted stock incentive plan was not achieved, the unlocking conditions were not met. Pursuant to the “Administrative Measures for Equity Incentive of Listed Companies,” the “Milkvur Chemical Supply Chain Service Co., Ltd. 2021 Stock Option and Restricted Stock Incentive Plan,” and the authorization of the Third Extraordinary General Meeting of Shareholders in 2021, the Company will repurchase and cancel the 35,775 restricted shares corresponding to the fourth unlocking period that were granted but not yet unlocked for five incentive participants under this incentive plan. For details, please refer to the Company’s “Announcement of Milkvur Intelligent Supply Chain Service Group Co., Ltd. on the Implementation of Repurchasing and Canceling Restricted Shares for Part of the Equity Incentive” (Announcement No.: 2025-066) disclosed on the website of the Shanghai Stock Exchange (www.sse.com.cn) on July 8, 2025.

On July 11, 2025, the Company received the “Securities Change Registration Proof” issued by the Shanghai Branch of China Securities Depository and Clearing Co., Ltd. The cancellation of a total of 35,775 restricted shares under the 2021 stock option and restricted stock incentive plan was completed on July 10, 2025. Since the restricted shares involved in this repurchase and cancellation account for a relatively small proportion of the Company’s total share capital, after calculation and rounding, the conversion price of the “Milvweiv Convertible Bond” remains unchanged after completion of this repurchase and cancellation of restricted shares. This no-adjustment of the conversion price complies with the relevant provisions of the Company’s “Offering Memorandum.” For details, please refer to the Company’s “Announcement of Milkvur Intelligent Supply Chain Service Group Co., Ltd. on Not Adjusting the Conversion Price of the Convertible Bonds after Repurchasing and Canceling Restricted Shares” (Announcement No.: 2025-067) disclosed on the website of the Shanghai Stock Exchange (www.sse.com.cn) on July 12, 2025.

II. Conversion of the Convertible Bonds During This Round

(I) During the period from January 1, 2026 to March 31, 2026, the conversion amount of “Milvweiv Convertible Bond” is RMB 24,000, and the number of shares formed by conversion is 430 shares, accounting for 0.0003% of the Company’s total share capital before the conversion of “Milvweiv Convertible Bond.”

(II) As of March 31, 2026, the amount of “Milvweiv Convertible Bond” not yet converted is RMB 872,241,000, accounting for 99.98% of the total issuance amount of “Milvweiv Convertible Bond.”

III. Changes in Share Capital

Unit: shares

IV. Other Matters

Contact department: the Company’s Securities Department

Phone: 021-80228498

Contact email: ir@mwclg.com

This announcement is hereby given.

Board of Directors of Milkvur Intelligent Supply Chain Service Group Co., Ltd.

April 2, 2026

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