Shenzhen Wanxun Automation Co., Ltd. Announcement on the Conversion of Convertible Bonds in the First Quarter of 2026

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The Company and all members of the Board of Directors hereby warrant that the content of this information disclosure is true, accurate, and complete, and that there are no false records, misleading statements, or material omissions.

Special Notice:

1. The conversion period of the “Wanxun Convertible Bonds” (bond code: 123112) runs from October 14, 2021 to April 7, 2027; the latest conversion price is RMB 8.30 per share;

2. In the first quarter of 2026, there was no conversion for the “Wanxun Convertible Bonds”;

3. As of the end of the first quarter of 2026, the Company had 2,264,570 outstanding convertible bond units, and the remaining aggregate principal amount was RMB 226,457,000.

In accordance with the relevant provisions of the “Rules Governing Listing of ChiNext Board Shares of the Shenzhen Stock Exchange” and “Self-Regulatory Guidance No. 15—Convertible Corporate Bonds” of the Shenzhen Stock Exchange, Shenzhen Wanxun Control Co., Ltd. (hereinafter referred to as “the Company”) hereby announces the conversion of the convertible corporate bonds (hereinafter referred to as “Convertible Bonds”) in the first quarter of 2026 and the changes in the Company’s total share capital as follows:

I. Overview of the Issuance and Listing of the “Wanxun Convertible Bonds”

1. Issuance and listing

Approved by the China Securities Regulatory Commission’s “Reply on Approving the Registration of Shenzhen Wanxun Control Co., Ltd. for the Issuance of Convertible Corporate Bonds to Unspecified Parties” (CSRC License [2021] 662), the Company was permitted to register for the issuance. On April 8, 2021, the Company issued 2,457,212 lots of Convertible Bonds to unspecified parties, each with a par value of RMB 100, and a total issuance amount of RMB 24,572.12 million. The term is 6 years, with the bond survival period from April 8, 2021 to April 7, 2027. With the approval of the Shenzhen Stock Exchange, the Company’s Convertible Bonds with an issuance amount of RMB 24,572.12 million were listed and began trading on the Shenzhen Stock Exchange starting from April 23, 2021. The bond abbreviation is “Wanxun Convertible Bonds,” and the bond code is “123112.”

2. Adjustment to the conversion price

The initial conversion price of the Convertible Bonds issued in this offering is RMB 9.13 per share. On May 28, 2021, the Company completed the 2020 annual equity distribution; the conversion price of the “Wanxun Convertible Bonds” was adjusted from the initial conversion price of RMB 9.13 per share to RMB 8.93 per share. The adjusted conversion price became effective on May 28, 2021. For details, see the “Announcement on the Adjustment of the Conversion Price of Convertible Corporate Bonds” (Announcement No. 2021-052) published by the Company on cninfo.com.cn on May 22, 2021.

On May 31, 2022, the Company completed the 2021 annual equity distribution; the conversion price of the “Wanxun Convertible Bonds” was adjusted from RMB 8.93 per share to RMB 8.73 per share. The adjusted conversion price became effective on May 31, 2022. For details, see the “Announcement on the Adjustment of the Conversion Price of Convertible Corporate Bonds” (Announcement No. 2022-042) published by the Company on cninfo.com.cn on May 23, 2022.

On May 30, 2023, the Company completed the registration of the grant of the first tranche of Type I restricted shares under the 2023 restricted stock incentive plan. The Company’s total share capital increased from 287,941,277 shares to 293,646,277 shares. The newly added shares were listed on June 2, 2023. The conversion price of the “Wanxun Convertible Bonds” was adjusted from RMB 8.73 per share to RMB 8.66 per share. The adjusted conversion price became effective on June 2, 2023. For details, see the “Announcement on the Adjustment of the Conversion Price of Convertible Corporate Bonds” (Announcement No. 2023-052) published by the Company on cninfo.com.cn on May 30, 2023.

On June 13, 2023, the Company completed the 2022 annual equity distribution; the conversion price of the “Wanxun Convertible Bonds” was adjusted from RMB 8.66 per share to RMB 8.46 per share. The adjusted conversion price became effective on June 13, 2023. For details, see the “Announcement on the Adjustment of the Conversion Price of Convertible Corporate Bonds” (Announcement No. 2023-054) published by the Company on cninfo.com.cn on June 6, 2023.

On June 7, 2024, the Company completed the procedures for the repurchase and cancellation of part of the restricted shares under the 2023 restricted stock incentive plan. The number of repurchased shares was 1,711,850. The Company’s total share capital decreased from 293,655,128 shares to 291,943,278 shares. The conversion price of the “Wanxun Convertible Bonds” was adjusted from RMB 8.46 per share to RMB 8.48 per share, and the adjusted conversion price began to take effect on June 11, 2024. For details, see the “Announcement on the Adjustment of the Conversion Price of Convertible Corporate Bonds” (Announcement No. 2024-044) published by the Company on cninfo.com.cn on June 8, 2024.

On June 19, 2024, the Company completed the 2023 annual equity distribution; the conversion price of the “Wanxun Convertible Bonds” was adjusted from RMB 8.48 per share to RMB 8.28 per share. The adjusted conversion price became effective on June 19, 2024. For details, see the “Announcement on the Adjustment of the Conversion Price of Convertible Corporate Bonds” (Announcement No. 2024-046) published by the Company on cninfo.com.cn on June 12, 2024.

On July 21, 2025, the Company completed the procedures for the repurchase and cancellation of part of the restricted shares under the 2023 restricted stock incentive plan. The number of repurchased shares was 1,721,350. The Company’s total share capital decreased from 291,946,040 shares to 290,224,690 shares. The conversion price of the “Wanxun Convertible Bonds” was adjusted from RMB 8.28 per share to RMB 8.30 per share, and the adjusted conversion price began to take effect on July 22, 2025. For details, see the “Announcement on the Adjustment of the Conversion Price of Convertible Corporate Bonds” (Announcement No. 2025-040) published by the Company on cninfo.com.cn on July 21, 2025.

3. Conversion period of the Convertible Bonds

Pursuant to the “Offering Memorandum for Convertible Corporate Bonds Publicly Issued by Shenzhen Wanxun Control Co., Ltd. to Unspecified Parties for Listing on the ChiNext Board,” the conversion period of the “Wanxun Convertible Bonds” begins on the first trading day after six months from the end of the issuance of the Convertible Bonds and ends on the maturity date of the Convertible Bonds, i.e., from October 14, 2021 to April 7, 2027.

二. Conversion of the Convertible Bonds and Changes in Shares

In the first quarter of 2026, there was no conversion for the “Wanxun Convertible Bonds.” As of March 31, 2026, there were 2,264,570 “Wanxun Convertible Bonds” units outstanding, with a remaining total par value of RMB 226,457,000. The Company’s changes in shares during the first quarter of 2026 are as follows:

三. Other Matters

If investors would like to learn more about the “Wanxun Convertible Bonds,” please refer to the “Offering Memorandum for Convertible Corporate Bonds Publicly Issued by Shenzhen Wanxun Control Co., Ltd. to Unspecified Parties for Listing on the ChiNext Board” published by the Company on cninfo.com.cn on April 6, 2021.

Contact department: Office of the Secretary to the Board of Directors of the Company

Contact telephone: 0755-86250365

四. Documents for Reference

1. The “Wanxun Control” share capital structure table issued by the Shenzhen Branch of China Securities Depository and Clearing Co., Ltd. as of March 31, 2026;

2. The “Wanxun Convertible Bonds” share capital structure table issued by the Shenzhen Branch of China Securities Depository and Clearing Co., Ltd. as of March 31, 2026.

Notice is hereby given.

Board of Directors of Shenzhen Wanxun Control Co., Ltd.

April 2, 2026

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