Shenzhen Xinyu Ren Technology Co., Ltd. Announcement on the Progress of the Plan to Reduce Holdings of Repurchased Shares through Centralized Bidding

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Stock code: 688573 Stock abbreviation: Xinyuren Announcement No.: 2026-006

Shenzhen Xinyu Ren Technology Co., Ltd.

Progress Announcement on the Planned Reduction of Certain Shares Already Repurchased via Centralized Competitive Bidding

This company’s board of directors, all directors, and relevant shareholders warrant that the contents of this announcement contain no false records, misleading statements, or material omissions, and assume legal responsibility for the authenticity, accuracy, and completeness of the contents in accordance with law.

Key Matters in This Announcement:

● Basic Information on the Repurchased Shares

Shenzhen Xinyu Ren Technology Co., Ltd. (hereinafter referred to as the “Company”) carried out two repurchase actions from February 19, 2024 to February 11, 2025, cumulatively repurchasing 3,461,480 shares of the Company, accounting for 3.5410% of the Company’s current total share capital of 97,754,388 shares. Of the above repurchased shares, 2,459,429 shares are used to maintain the Company’s value and shareholders’ rights and interests. They will be sold through centralized competitive bidding after twelve months from the disclosure of the repurchase results and shares change announcement, and the sale will be completed within three years after the disclosure of the repurchase results and shares change announcement. If the Company fails to complete the sale within the above time limits, the repurchased shares not yet sold shall be canceled. The above specific details are set out in the Company’s announcements disclosed on November 13, 2024 and February 12, 2025 on the website of the Shanghai Stock Exchange (www.sse.com.cn): “Announcement on the Implementation Results of the Share Repurchase and Changes in Shares” (Announcement No. 2024-065), and “Announcement on the Implementation Results of the Share Repurchase and Changes in Shares” (Announcement No. 2025-007).

● Progress of the Reduction Plan

On March 18, 2026, the Company disclosed on the website of the Shanghai Stock Exchange (www.sse.com.cn) the “Announcement on the Planned Reduction of Certain Repurchased Shares via Centralized Competitive Bidding” (Announcement No. 2026-004). The Company plans, within three months after 15 trading days from the date of disclosure of that announcement, to reduce, through centralized competitive bidding, no more than 977,543 shares of repurchased shares at the market price on a cumulative basis, accounting for 1.0000% of the Company’s total share capital. If during this period circumstances arise that cause changes in the Company’s total share capital, such as the Company’s distribution of bonus shares and capital reserve-to-share capital transfers, the Company will accordingly adjust the number of shares to be reduced. As of March 31, 2026, the Company has not yet reduced any repurchased shares.

I. Basic Information Before the Reduction by the Reduction Parties

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Note: Of the above shareholding of 3,461,480 shares, 2,459,429 shares are used to maintain the Company’s value and shareholders’ rights and interests, and 1,002,051 shares are used for an employee share ownership plan or equity incentives.

There are no persons acting in concert among the above reduction parties.

II. Progress in the Implementation of the Reduction Plan

(I) The Company discloses the progress of the implementation of the reduction plan for the following reasons:

Other reasons: In accordance with the requirements, within the first three trading days of each month during the selling period, the Company shall disclose the selling progress as of the end of the previous month

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(II) Whether this reduction matter is consistent with the plans and commitments previously disclosed by the relevant shareholders

√ Yes □ No

(III) Whether the listed company has disclosed any material matters such as large-scale bonus share distributions or planned mergers and acquisitions within the reduction time window

□ Yes √ No

(IV) Impact of this reduction on the Company

As of March 31, 2026, the Company has not yet reduced any repurchased shares. The proceeds from this reduction of repurchased shares will be used to supplement the working capital needed for the Company’s daily operations, which is beneficial to the Company’s steady operations, financial performance, and future development.

(V) Other matters required by this office

None

III. Risk Warnings Related to the Reduction Plan

(I) Uncertainty risks regarding the implementation of the reduction plan, such as specific circumstances in which the prerequisites and restrictive conditions for the plan are met or eliminated, etc.

Pursuant to laws and regulations including the “Shanghai Stock Exchange Self-Regulatory Guidance No. 7—Share Repurchases,” among others, the Company’s reduction of repurchased shares shall comply with the following requirements:

1. The declared price may not be the price at which the Company’s stock is subject to the day’s trading downward price limit;

2. No selling orders shall be placed during centralized competitive bidding at the opening, within the first half hour before the close, and on trading days when there is no price-rise/price-fall limit for the stock;

3. The number of shares sold per day shall not exceed 25% of the average daily trading volume over the 20 trading days prior to the date of the pre-disclosure of selling, except that the daily number of shares sold shall not exceed 200,000 shares;

4. Within any consecutive 90-day period, the total number of shares sold shall not exceed 1% of the Company’s total share capital;

5. Other requirements stipulated by the China Securities Regulatory Commission and the Shanghai Stock Exchange.

Based on the above requirements and other uncertainties that may arise in the market, there may be situations in which this reduction plan cannot be completed as scheduled.

(II) Risk that the implementation of the reduction plan may lead to a change in control of the listed company

□ Yes √ No

(III) Other risks

During the execution period of this reduction plan, the Company will strictly comply with the rules, including the “Shanghai Stock Exchange Sci-Tech Innovation Board Stock Listing Rules” and the “Shanghai Stock Exchange Self-Regulatory Guidance No. 7—Share Repurchases,” among others, and will promptly and truthfully, accurately, and completely fulfill the relevant information disclosure obligations. We kindly ask broad investors to make rational investment decisions, and to be mindful of investment risks.

This announcement is hereby issued.

Board of Directors, Shenzhen Xinyu Ren Technology Co., Ltd.

April 2, 2026

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