Announcement of Jinzhao Group Co., Ltd. Regarding the Extension of the Continuation Period of the First Phase Employee Stock Ownership Plan

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Securities Code: 603680 Stock Abbreviation: Jinchuang Group Announcement No.: 2026-011

Jinchuang Group Co., Ltd. Announcement on Extension of the First Employee Stock Ownership Plan’s Duration

The company’s board of directors and all directors guarantee that this announcement contains no false records, misleading statements, or major omissions, and assume individual and joint responsibility for its authenticity, accuracy, and completeness.

Jinchuang Group Co., Ltd. (hereinafter referred to as “the Company”)’s first employee stock ownership plan (hereinafter referred to as “the Plan”) will expire on April 16, 2026. After review by the fourth holder meeting of the Plan and the fifteenth meeting of the fifth board of directors, it was agreed to extend the duration of the Plan by 6 months, from April 16, 2026, to October 16, 2026. The relevant details are announced as follows:

1. Basic information about the Plan

The Company held the fifteenth meeting of the fourth board of directors on May 12, 2022, and the 2021 annual shareholders’ meeting on May 23, 2022, and approved proposals including the “Draft of the First Employee Stock Ownership Plan of Jinchuang Group Co., Ltd.” and its summary, agreeing to implement the Plan. Details are disclosed in the Company’s announcements on May 13, 2022, and May 24, 2022.

The stock source for the Plan comes from the purchase of the Company’s shares through legal and regulatory permitted methods such as secondary market trading (including auction trading, block trades, and agreement transfers). As of October 17, 2022, the Plan had purchased a total of 5,392,002 shares through the secondary market, completing the acquisition of the target stocks. Details are disclosed in the announcement titled “Progress of the First Employee Stock Ownership Plan and Completion of Share Purchase” (Announcement No.: 2022-054) on October 17, 2022.

According to the relevant regulations of the Plan, the lock-up period is 12 months from the date of the Company’s announcement of the stock purchase, ending on October 16, 2023; the duration is 24 months from the same date, ending on October 16, 2024.

Based on confidence in the company’s sustained and stable development and the valuation of its stock, on September 25, 2024, the Company held the second holder meeting of the first employee stock ownership plan and the fifth meeting of the fifth board of directors, and approved the proposal for extending the duration of the Plan. It was agreed to extend the duration by 12 months, until October 16, 2025. Details are disclosed in the announcement titled “Announcement on Extension of the First Employee Stock Ownership Plan’s Duration” (Announcement No.: 2024-025) on September 27, 2024.

On September 18, 2025, the Company held the third holder meeting of the first employee stock ownership plan and the twelfth meeting of the fifth board of directors, and approved the proposal to extend the duration again by 6 months, until April 16, 2026. Details are disclosed in the announcement titled “Announcement on Extension of the First Employee Stock Ownership Plan’s Duration” (Announcement No.: 2025-036) on September 19, 2025.

As of the date of this announcement, the Plan still holds 114,932 shares of the Company, accounting for 0.01% of the current total share capital.

2. Extension of the Plan’s duration

The Plan’s duration will expire on April 16, 2026. According to the relevant provisions of the “Draft of the First Employee Stock Ownership Plan of Jinchuang Group Co., Ltd.,” the extension can be approved if more than two-thirds of the holders attending the meeting agree and submit it for the Board’s approval.

On March 16, 2026, the Company held the fourth holder meeting of the first employee stock ownership plan and the fifteenth meeting of the fifth board of directors, and approved the proposal to extend the Plan’s duration by 6 months, until October 16, 2026.

The Company will perform information disclosure obligations in a timely manner according to the progress of the Plan’s implementation and relevant laws and regulations. Investors are advised to be aware of investment risks.

This announcement is hereby made.

Board of Directors of Jinchuang Group Co., Ltd.

March 17, 2026