Yingfeng Environment Technology Group Co., Ltd. Announcement on Shareholders Holding More Than 5% of Shares Reducing Their Shareholdings, Reaching a Multiple of 1%

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Security code: 000967 Announcement No. 2026-018

Yingfeng Environment Technology Group Co., Ltd.

Announcement on the Shareholding-Reduction Ratio by a Shareholder Holding More Than 5% of the Company’s Shares Reaching an Integer Multiple of 1%

Shareholder Hongchuang (Shenzhen) Investment Center (Limited Partnership) guarantees that the information provided to our company is true, accurate, and complete, and there are no false records, misleading statements, or major omissions.

All members of the Company and the Board of Directors guarantee that the content of this announcement is consistent with the information provided by the information-disclosure obligor.

Yingfeng Environment Technology Group Co., Ltd. (hereinafter referred to as the “Company”) received on April 1, 2026, from Hongchuang (Shenzhen) Investment Center (Limited Partnership) (a shareholder holding more than 5% of the Company’s shares; hereinafter referred to as “Hongchuang Investment”) the letter titled 《Notice Letter on the Information Disclosure of Equity Changes Reaching an Integer Multiple of 1%》. Between March 13, 2026 and April 1, 2026, Hongchuang Investment reduced its holdings through the centralized bidding trading method on the Shenzhen Stock Exchange by 40,564,654 shares, accounting for 1.29% of the total number of shares of the Company’s current total share capital after excluding the number of shares held in the repurchase-special securities account.

Hongchuang Investment is a shareholder holding more than 5% of the Company’s shares. It is not the controlling shareholder of the Company, nor the actual controller of the Company, and it does not hold the position of a director or senior management personnel of the Company. All of its share sources were obtained from the Company’s shares acquired by issuing shares to specific subscribers for the purchase of assets in a public issuance of shares.

Pursuant to Article 2 of the 《Interim Measures for the Management of Share Reductions by Shareholders of Listed Companies》, “Share reductions by major shareholders of the listed company shares they have obtained by participating in the initial public offering, or by the listed company’s public issuance of shares to unspecified parties or to specific parties, shall only apply to the provisions of Articles 4 through 8, Article 10, Article 11, Article 18, Articles 28 through 30 of these Measures.” Pursuant to Article 2 of the 《Self-Regulatory Guidelines for Listed Companies of the Shenzhen Stock Exchange No. 18—Share Reductions by Shareholders, Directors, and Senior Management Personnel》, “Share reductions by major shareholders of the listed company shares they have obtained by participating in public offerings of shares shall only apply to the provisions of Articles 3 through 8, Article 15(1), Article 19, and Article 31 of these Guidelines.” The share reduction conduct of Hongchuang Investment complies with relevant laws and regulations, departmental rules, and normative documents, including the 《Company Law》, the 《Securities Law》, the 《Shenzhen Stock Exchange Stock Listing Rules》, the 《Interim Measures for the Management of Share Reductions by Shareholders of Listed Companies》, and the 《Self-Regulatory Guidelines for Listed Companies of the Shenzhen Stock Exchange No. 18—Share Reductions by Shareholders, Directors, and Senior Management Personnel》, among others. There is no need to disclose a pre-reduction plan.

Before this reduction, Hongchuang Investment held 278,087,813 shares of the Company, accounting for 8.86% of the total number of shares of the Company at that time after excluding the number of shares in the repurchase-special securities account. After this reduction, Hongchuang Investment held 237,523,159 shares of the Company, accounting for 7.57% of the total number of shares of the Company’s current total share capital after excluding the number of shares in the repurchase-special securities account. The shareholding ratio reached an integer multiple of 1% after this equity change. The specific details are as follows:

I. Basic Information of the Information-Disclosure Obligor and Details of the Equity Change

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II. Other Explanations

The shares reduced by Hongchuang Investment in this round were sourced from the shares acquired through its participation in the Company’s issuance of shares to specific subscribers. This share reduction complies with the relevant laws, regulations, and normative documents such as the 《Self-Regulatory Guidelines for Listed Companies of the Shenzhen Stock Exchange No. 18—Share Reductions by Shareholders, Directors, and Senior Management Personnel》. There is no need to disclose a pre-reduction plan. This equity change will not lead to any change in the Company’s control and will not have a major impact on the Company’s corporate governance structure and ongoing operations.

This announcement is hereby made.

Yingfeng Environment Technology Group Co., Ltd.

Board of Directors

April 2, 2026

Security code: 000967 Announcement No. 2026-017

Yingfeng Environment Technology Group Co., Ltd.

Announcement on the Results of the Conversion of Corporate Bonds into Shares in the First Quarter of 2026 and the Changes in Shares

All members of the Company and the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, and there are no false records, misleading statements, or major omissions.

Special Notice:

Conversion of convertible bonds: Yingfeng Environment Technology Group Co., Ltd. (hereinafter referred to as the “Company”) issued the “Yingfeng Convertible Bonds.” These bonds have been convertible into the Company’s A-share ordinary shares since May 10, 2021. As of March 31, 2026, the number of “Yingfeng Convertible Bonds” reduced due to repurchase and cancellation was 10 lots; a cumulative amount of RMB 163,800 of “Yingfeng Convertible Bonds” has been converted into the Company’s A-share ordinary shares, with a cumulative converted share quantity of 20,131 shares, accounting for 0.0006% of the total amount of ordinary shares of the Company issued prior to the conversion of “Yingfeng Convertible Bonds.” Of which, between January 1, 2026 and March 31, 2026, RMB 4,400 of “Yingfeng Convertible Bonds” were converted into the Company’s shares, corresponding to 572 shares.

Unconverted convertible bonds: As of March 31, 2026, the amount of “Yingfeng Convertible Bonds” that have not yet been converted was RMB 1,476,024,800, accounting for 99.9888% of the total issued amount of “Yingfeng Convertible Bonds.”

In accordance with the relevant provisions of the 《Stock Listing Rules of the Shenzhen Stock Exchange》 and the 《Self-Regulatory Guidelines for Listed Companies of the Shenzhen Stock Exchange No. 15—Convertible Corporate Bonds》, the Company hereby announces the conversion of convertible corporate bonds and the changes in the Company’s shares for the first quarter of 2026 as follows:

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

1. Issuance of the convertible bonds

With approval from the China Securities Regulatory Commission in the document “CSRC License [2020] No. 2219,” the Company publicly issued 14.76M lots of convertible corporate bonds on November 4, 2020. Each bond had a par value of 100 yuan. The total issuance amount was 1.48B yuan. The initial conversion price was 8.31 yuan per share.

2. Listing of the convertible bonds

With the approval of the Shenzhen Stock Exchange, starting from December 2, 2020, 147,618.96 million yuan worth of convertible corporate bonds were listed and traded on the Shenzhen Stock Exchange. The bond abbreviation is “Yingfeng Convertible Bonds,” and the bond code is “127024.SZ.”

3. Conversion period of the convertible bonds

Pursuant to relevant laws and regulations and the 《Offering Memorandum of Convertible Corporate Bonds Issued by Yingfeng Environment Technology Group Co., Ltd.》, the convertible bonds issued by the Company are convertible into the Company’s shares from May 10, 2021 to November 3, 2026.

4. Adjustment to the conversion price of the convertible bonds

On July 2, 2021, the Company disclosed the 《Announcement on the Adjustment of the Conversion Price of the Yingfeng Convertible Bonds》 (Announcement No. 2021-054). Due to the Company’s implementation of the 2020 annual equity distribution, using the Company’s existing total share capital of 3,163,086,005 shares, excluding 58,976,234 shares that had been repurchased, as the base of 3,104,109,771 shares, cash dividends of 1.20 yuan (including tax) were distributed to all shareholders for every 10 shares. No bonus shares were distributed, and no capitalization of capital reserve was used to increase share capital. The ex-dividend and ex-rights date was July 8, 2021. According to the relevant provisions of the 《Offering Memorandum of Convertible Corporate Bonds Issued by Yingfeng Environment Technology Group Co., Ltd.》, the conversion price of the “Yingfeng Convertible Bonds” was adjusted from the original 8.31 yuan per share to 8.19 yuan per share effective from July 8, 2021.

On July 14, 2022, the Company disclosed the 《Announcement on the Adjustment of the Conversion Price of the Yingfeng Convertible Bonds》 (Announcement No. 2022-054). Due to the Company’s implementation of the 2021 annual equity distribution, using the Company’s existing total share capital of 3,179,499,998 shares, excluding 58,976,234 shares that had been repurchased, as the base of 3,120,523,764 shares, cash dividends of 1.00 yuan (including tax) were distributed to all shareholders for every 10 shares. No bonus shares were distributed, and no capitalization of capital reserve was used to increase share capital. The ex-dividend and ex-rights date was July 20, 2022. According to the relevant provisions of the 《Offering Memorandum of Convertible Corporate Bonds Issued by Yingfeng Environment Technology Group Co., Ltd.》, the conversion price of the “Yingfeng Convertible Bonds” was adjusted from the original 8.19 yuan per share to 8.09 yuan per share effective from July 20, 2022.

On July 11, 2023, the Company disclosed the 《Announcement on the Adjustment of the Conversion Price of the Yingfeng Convertible Bonds》 (Announcement No. 2023-035). Due to the Company’s implementation of the 2022 annual equity distribution, using the Company’s existing total share capital of 3,179,506,670 shares, excluding 12,565,382 shares that had been repurchased, as the base of 3,166,941,288 shares, cash dividends of 1.10 yuan (including tax) were distributed to all shareholders for every 10 shares. No bonus shares were distributed, and no capitalization of capital reserve was used to increase share capital. The ex-dividend and ex-rights date was July 18, 2023. According to the relevant provisions of the 《Offering Memorandum of Convertible Corporate Bonds Issued by Yingfeng Environment Technology Group Co., Ltd.》, the conversion price of the “Yingfeng Convertible Bonds” was adjusted from the original 8.09 yuan per share to 7.98 yuan per share effective from July 18, 2023.

On July 9, 2024, the Company disclosed the 《Announcement on the Adjustment of the Conversion Price of Convertible Bonds》 (Announcement No. 2024-044). Due to the Company’s implementation of the 2023 annual equity distribution, using the Company’s existing total share capital excluding 0 shares repurchased as the base of 3,166,941,538 shares, cash dividends of 1.25 yuan (including tax) were distributed to all shareholders for every 10 shares. No bonus shares were distributed, and no capitalization of capital reserve was used to increase share capital. The ex-dividend and ex-rights date was July 16, 2024. According to the relevant provisions of the 《Offering Memorandum of Convertible Corporate Bonds Issued by Yingfeng Environment Technology Group Co., Ltd.》, the conversion price of the “Yingfeng Convertible Bonds” was adjusted from the original 7.98 yuan per share to 7.86 yuan per share effective from July 16, 2024.

On July 19, 2025, the Company disclosed the 《Announcement on Adjusting the Conversion Price of the Yingfeng Convertible Bonds》 (Announcement No. 2025-047). Due to the Company’s implementation of the 2024 annual equity distribution, using the Company’s existing total share capital excluding 0 shares repurchased as the base of 3,166,943,318 shares, cash dividends of 1.89 yuan (including tax) were distributed to all shareholders for every 10 shares. No bonus shares were distributed, and no capitalization of capital reserve was used to increase share capital. The ex-dividend and ex-rights date was July 28, 2025. According to the relevant provisions of the 《Offering Memorandum of Convertible Corporate Bonds Issued by Yingfeng Environment Technology Group Co., Ltd.》, the conversion price of the “Yingfeng Convertible Bonds” was adjusted from the original 7.86 yuan per share to 7.67 yuan per share effective from July 28, 2025.

II. Conversion of the “Yingfeng Convertible Bonds” and Share Change Details

From January 1, 2026 to the end of the first quarter of 2026, the number of “Yingfeng Convertible Bonds” reduced due to conversion was 44 lots, and the converted number was 572 shares. As of the end of the first quarter of 2026, the remaining balance of convertible bonds was 14,760,248 lots. From January 1, 2026 to the end of the first quarter of 2026, the Company’s share change is as follows:

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III. Other Explanations

If investors have questions about the above matters, please call the Company’s Investor Hotline in the Board of Directors Office at 0757-26335291 for consultation.

IV. Documents for Reference

The share capital structure table issued by Shenzhen Branch of China Securities Depository and Clearing Co., Ltd.

This announcement is hereby made.

Yingfeng Environment Technology Group Co., Ltd.

Board of Directors

April 2, 2026

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