Xiamen Ruitai Bathroom Technology Co., Ltd. Progress Announcement on the Company's Use of Part of Its Own Funds for Entrusted Wealth Management

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Stock code: 002790 Stock abbreviation: Ruilte Announcement No.: 2026-004

Xiamen Ruilte Bathroom Technology Co., Ltd.

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

The Company and all members of its board of directors guarantee that the information disclosure content is true, accurate, and complete, and there are no false records, misleading statements, or material omissions.

Xiamen Ruilte Bathroom Technology Co., Ltd. (hereinafter referred to as the “Company”) considered and approved, at the Fifth Session of the Fifth Meeting of the Board of Directors held on April 18, 2025, the “Proposal on the Use of Part of the Company’s Own Funds for Entrusted Wealth Management,” approving and agreeing that the Company and its controlling subsidiaries may use its own funds of no more than RMB 800M for entrusted wealth management. Within the aforementioned limit, the funds may be used on a revolving basis. The investment products for the Company’s use of part of its own funds for entrusted wealth management this time include wealth management products issued by financial institutions such as banks, securities companies, and fund companies, with high safety, good liquidity, and medium-to-low risk. The implementation period for the Company and its controlling subsidiaries’ use of part of its own funds for entrusted wealth management shall be valid for twelve months from the date the board of directors approves the matter. The board of directors authorizes the Company’s chairman of the board of directors or general manager to exercise the investment decision-making power within the limit and sign relevant legal documents (including but not limited to): selecting eligible investment product issuers, specifying the wealth management amount, selecting wealth management product types, signing contracts, etc. At the same time, the Company’s management is authorized to specifically carry out the relevant matters.

The “Announcement on the Company’s Use of Part of Its Own Funds for Entrusted Wealth Management” (Announcement No.: 2025-014) was released on April 22, 2025 on Juchao Information Network (www.cninfo.com.cn), the information disclosure website designated by the China Securities Regulatory Commission, and at the same time published the announcement in the newspapers designated by the China Securities Regulatory Commission: “Securities Times,” “Shanghai Securities News,” “China Securities Journal,” and “Securities Daily.”

I. Basic Information on the Company’s Use of Part of Its Own Funds for Entrusted Wealth Management This Time

On March 31, 2026, the Company signed an agreement with Industrial Bank Co., Ltd. Xiamen Haicang Sub-branch, using RMB 20M of part of its own funds for entrusted wealth management. The specific details are as follows:

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Note: Investment cooling-off period: within 24 hours from the effective date of the structured deposit contract and once Industrial Bank receives and confirms the customer’s subscription transaction application (if it falls on a non-working day, it is extended). During the investment cooling-off period, the customer may解除 (terminate) the structured deposit contract already signed; the funds will be unfrozen immediately.

II. Risks of Entrusted Wealth Management and Control Measures

(1) Main risks of the product:

1. Market risk: The maturity return of this deposit product depends on changes in the price of the derivative structural-linked underlying asset. It may be affected by various factors such as international and domestic market exchange rates, interest rates, and the credit situation of the underlying entity.

2. Liquidity risk: During the existence period of this deposit product, the customer has no right to request early termination of this deposit product, which may lead to an inability to use the funds of this product when liquidity needs arise during the product’s existence period.

3. Early repayment risk: The entrusted party has the right to terminate this product early based on market conditions and its own circumstances. The customer may face reinvestment risk when the product is terminated early.

4. Legal and policy risk: This deposit product is designed for current policies and regulations. Changes in relevant policies and regulations may affect the operation of this deposit product.

5. Information transmission risk: The entrusted party will, in accordance with the agreed terms for information disclosure, publish information and announcements about this deposit product. If the customer fails to check in a timely manner, or if due to factors such as communication failures, system failures, and other force majeure, the customer cannot learn about the deposit product information in a timely manner, the responsibility and risks arising from this shall be borne by the customer.

6. Force majeure and unexpected event risk: Due to risks and losses such as transaction interruption, delays, etc. caused by force majeure including earthquakes, fires, wars, computer system failures, communication system failures, internet system failures, and power system failures that are not caused by, or cannot be controlled by, the entrusted party, the entrusted party does not bear responsibility. However, the entrusted party shall notify the entrusting party when conditions permit and take necessary remedial measures to reduce losses caused by force majeure.

7. Data source risk: In calculating the returns of this deposit product, it is necessary to use the price of the underlying asset provided by the data provider. If the reference page provided by the data provider agreed at that time cannot provide the required price, the entrusted party will, based on the principles of fairness, impartiality, and reasonableness, select a reasonable price recognized by the market for calculation.

8. Risk of product not成立: Before the product value date (inclusive), if national macro policies and market-related regulations and policies change or the market experiences significant volatility, and based on the entrusted party’s prudent and reasonable assessment it is difficult to provide the deposit product to customers in accordance with the contract documents of this deposit product, the entrusted party has the right to decide that the deposit product will not be established. The customer shall bear the risk that investment in this deposit product will not be established.

(2) Risk control measures

1. The Company will analyze and track the product’s risk in real time. If an assessment finds risk factors that may affect the safety of the Company’s funds, corresponding measures will be taken promptly to control investment risk;

2. Independent directors have the right to supervise and inspect the use of funds. If necessary, professional institutions may be engaged for audits;

3. The Company’s internal audit department is responsible for conducting a comprehensive review of the product and, in accordance with the principle of prudence, reasonably estimating the potential risks and returns of each investment, and reporting to the board of directors’ audit committee in a timely manner;

4. Selection of investment products must meet conditions such as high safety, good liquidity, and medium-to-low risk.

III. Impact on the Company’s Operations

The Company adheres to standardized operations, seeks value preservation and appreciation, and prevents risks. Under the premise of ensuring normal operations, it uses part of the idle self-owned funds for entrusted wealth management. This will not affect the normal conduct of the Company’s main business. At the same time, it can improve the efficiency of capital use, obtain a certain amount of investment return, and provide the Company and its shareholders with more investment returns.

IV. Approval Procedures

The matter of the Company’s use of part of its own funds for entrusted wealth management has been approved at the Fifth Session of the Fifth Meeting of the Board of Directors convened on April 18, 2025.

V. Within the twelve months prior to the date of this announcement, the circumstances of the Company and its wholly-owned subsidiaries using part of temporarily idle own funds for entrusted wealth management

(1) Purchase of structured deposits

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(2) Purchase of large-denomination bank certificates of deposit

The principal balance of the bank large-denomination certificates of deposit held by the Company and its wholly-owned subsidiaries with principal protection and fixed interest that has not yet matured totals RMB 669.00 million.

As of the date of this announcement, the outstanding amount of the structured deposits and bank large-denomination certificates of deposit purchased by the Company and its wholly-owned subsidiaries using part of its own funds totals RMB 800M (including this amount), which does not exceed the limit approved by the Fifth Session of the Fifth Meeting of the Board of Directors for the use of part of the Company’s own funds for entrusted wealth management.

VI. Documents for Record

1. “Resolution of the Fifth Session of the Fifth Meeting of the Board of Directors of Xiamen Ruilte Bathroom Technology Co., Ltd.”;

2. Contracts signed by the Company and the bank and their attachments.

Notice is hereby given.

Board of Directors of Xiamen Ruilte Bathroom Technology Co., Ltd.

April 1, 2026

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