Tianchuang Fashion Co., Ltd. Announcement on the Progress of Using Part of Its Own Funds for Entrusted Wealth Management

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Security code: 603608 Stock abbreviation: Tien Chuang Fashion Announcement No.: Lin 2026-011

Bond code: 113589 Bond abbreviation: Tien Chuang Convertible Bond

Tien Chuang Fashion Co., Ltd.

Progress Announcement on the Use of Part of Its Own Funds for Entrusted Wealth Management

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

Key Matters in Brief:

● Basic Information

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● Risk Warning

The Company and its subsidiaries use part of their own funds to purchase wealth management products with high safety, good liquidity, and low risk. The overall risk is controllable. However, entrusted wealth management matters are significantly affected by market fluctuations, changes in the macroeconomic environment, and financial policies, and investment returns are uncertain. Please be mindful of investment risks.

I. Basic Information on Entrusted Wealth Management

Tien Chuang Fashion Co., Ltd. (hereinafter referred to as the “Company”) was approved by the 19th meeting of the fifth session of the board of directors held on December 26, 2025 on the “Proposal on Using Part of the Company’s Own Funds for Entrusted Wealth Management in 2026.” It was agreed that the Company and its subsidiaries may use their own funds with a maximum single-day额度 not exceeding RMB 450M (including this figure) to purchase liquidity-friendly, safe, and lower-risk wealth management products. Within the above quota, the funds may be used on a rolling basis. The specific matters are to be organized and implemented by the Company’s finance department. For details, please refer to the Company’s announcement disclosed on December 27, 2025, “Announcement on Using Part of the Company’s Own Funds for Entrusted Wealth Management in 2026” (Announcement No. 2025-095).

The Company disclosed, respectively, on January 1, 2026, February 5, 2026, and March 24, 2026, “Progress Announcement on the Use of Part of Its Own Funds for Entrusted Wealth Management” (Announcement No. 2026-001, 2026-007, and 2026-009, respectively).

II. Details of This Entrusted Wealth Management

From March 24, 2026 to the date of disclosure of this announcement, the Company used RMB 138M of its own funds to purchase wealth management products from Shanghai Pudong Development Bank Co., Ltd., Guangzhou Xiguan Sub-branch; China Minsheng Bank Co., Ltd., Guangzhou Branch, Business Department; Puyin Wealth Management Co., Ltd.; Xingyin Wealth Management Co., Ltd.; and Bank of China Wealth Management Co., Ltd. The details are as follows:

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Note 1: The above table shows the wealth management products when the cumulative purchase amount reaches 10% of the net assets attributable to the parent company shareholders audited in the most recent period of the Company.

Note 2: In the above table, “Juying Series – Monthly Profits” is a period-discontinuous term open-type structured deposit product. During the product’s term, if no redemption is carried out, the principal will automatically enter the next closed period (monthly) to continue investing. Going forward, the Company will conduct redemption operations based on actual capital needs and liquidity arrangements.

Note 3: For wealth management products with no fixed term, the product maturity date is the estimated maturity date. The Company will conduct redemption operations based on actual capital needs and liquidity arrangements.

III. Impact on the Company and Related Risk Control Measures

(1) Impact on the Company

As of the disclosure date of this announcement, the balance of entrusted wealth management using the Company’s own funds is RMB 296M, accounting for 28.39% of the net assets attributable to the parent company shareholders (i.e., RMB 1.04B) audited in the most recent period of the Company. It will not have a material impact on the Company’s principal business, financial position, cash flow, or other aspects.

The Company’s entrusted wealth management using its own funds is carried out on the premise of ensuring the funding needs for daily business operations and effectively controlling investment risks. It will not affect the Company’s daily fund turnover, nor will it affect the normal conduct of its principal business. By carrying out entrusted wealth management with part of its own funds, the Company can improve the efficiency of fund utilization, obtain certain investment benefits, and seek greater investment returns for the Company and its shareholders.

(2) Risk Control Measures by the Company for Entrusted Wealth Management

1、The board of directors authorizes the Company’s management to exercise the decision-making power for this investment, which is responsible for organizing and implementing the specific execution. The Company’s Finance Center, together with relevant personnel from the office of the secretary of the board of directors, is responsible for timely analyzing and tracking the direction of investments and project progress of the wealth management products. If an assessment finds risk factors that may affect the safety of the Company’s funds, timely corresponding measures will be taken to control investment risks;

2、The Company’s audit department is responsible for auditing and supervising the use and custody of funds for entrusted wealth management;

3、Independent directors and the audit committee have the right to supervise and examine the use of funds for entrusted wealth management. If necessary, they may engage professional institutions to conduct audits;

4、The Company’s Finance Center establishes ledgers to manage entrusted wealth management products, establishes and improves accounting records, and performs accounting and calculation work for the use of funds; and implements position separation: approval for entrusted wealth management business, funds entry into accounts and transfers, and buying/selling (subscription/redemption) are separated by positions;

5、The Company will, in accordance with the relevant provisions of the Shanghai Stock Exchange, timely fulfill its information disclosure obligations.

IV. Risk Warning

The Company and its subsidiaries use part of their own funds to purchase wealth management products with high safety, good liquidity, and low risk. The overall risk is controllable. However, entrusted wealth management matters are significantly affected by changes in market conditions, the macroeconomic environment, and financial policies, and investment returns are uncertain. Please be mindful of investment risks.

This announcement is hereby issued.

Tien Chuang Fashion Co., Ltd.

Board of Directors

April 4, 2026

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