Zhejiang Huazheng New Materials Co., Ltd. Directors and Senior Management Share Reduction Plan Announcement

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Stock code: 603186 Stock abbreviation: Huazheng New Materials Announcement No.: 2026-033

Zhejiang Huazheng New Materials Co., Ltd.

Announcement of Share Reduction Plan by Directors and Senior Management

The Board of Directors, all directors, and relevant shareholders of the Company guarantee that the content of this announcement does not contain any false records, misleading statements, or major omissions, and they are legally responsible for the authenticity, accuracy, and completeness of its content.

Important content reminder:

● Basic situation of shareholdings by directors and senior management

As of the date of this announcement, Mr. Liu Tao, the chairman of Zhejiang Huazheng New Materials Co., Ltd. (hereinafter referred to as “the Company”), holds 914,046 shares of the Company, accounting for 0.58% of the total share capital; Mr. Guo Jiangcheng, a director and general manager of the Company, holds 1,177,481 shares, accounting for 0.75% of the total share capital; Mr. Yu Gao, the deputy general manager and chief financial officer, holds 30,900 shares, accounting for 0.02% of the total share capital; Mr. Wang Chao, the deputy general manager, holds 41,200 shares, accounting for 0.03% of the total share capital.

● Main content of the share reduction plan

Mr. Liu Tao, Mr. Guo Jiangcheng, Mr. Yu Gao, and Mr. Wang Chao plan to reduce their holdings of Company shares by no more than 228,500 shares, 294,300 shares, 7,700 shares, and 10,300 shares respectively within three months after the fifteenth trading day from the date of this share reduction plan announcement, through centralized bidding, with each not exceeding 25% of their holdings. The reduction price will be determined according to the market price at the time of the reduction.

I. Basic information of the reducing subjects

■

The above reducing subjects have no concerted actions.

II. Main content of the share reduction plan

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During the pre-disclosure period, if the Company’s stock is suspended, the actual start time of the reduction will be postponed accordingly based on the suspension period.

(1) Whether the relevant shareholders have any other arrangements □ Yes √ No

(2) Whether the directors and senior management have made commitments regarding shareholding ratio, number of shares held, holding period, reduction method, reduction quantity, reduction price, etc. √ Yes □ No

Mr. Liu Tao and Mr. Guo Jiangcheng committed before the Company’s initial public offering and listing:

During their tenure as directors and senior management of Huazheng New Materials, they will not transfer more than 25% of their total shares held in Huazheng New Materials each year, and will not buy shares of Huazheng New Materials within six months after selling, nor sell shares within six months after buying; within six months after leaving their positions, they will not transfer the shares held in Huazheng New Materials.

Is this proposed share reduction consistent with previously disclosed commitments? √ Yes □ No

(3) Other matters required by the exchange

None

III. Risk reminders related to the share reduction plan

(1) Risks of uncertainty in the implementation of the share reduction plan, such as specific situations where the prerequisites, restrictive conditions, and relevant conditions are met or eliminated

This share reduction plan is autonomously decided by the shareholders based on their own funding needs; during the reduction period, they will choose whether and how to implement this share reduction plan based on market conditions, Company stock price, and other factors, leading to uncertainty in the timing, quantity, and price of the reduction.

(2) Is there a risk that the implementation of the share reduction plan may lead to a change in the control of the listed company? □ Yes √ No

(3) Other risk reminders

1. During the share reduction period mentioned above, the Company will urge the relevant reducing subjects to strictly comply with the relevant laws and regulations regarding the reduction of shares by shareholders, directors, and senior executives, and to fulfill their disclosure obligations in a timely manner.

2. This share reduction plan complies with the relevant provisions of the “Company Law of the People’s Republic of China,” “Securities Law of the People’s Republic of China,” “Stock Listing Rules of the Shanghai Stock Exchange,” “Interim Measures for the Management of Shareholders’ Reduction of Shares,” and “Self-Regulatory Guidelines No. 15 for Listed Companies of the Shanghai Stock Exchange - Shareholders and Directors, Senior Management Share Reduction,” and there are no circumstances prohibiting the reduction of shares.

This announcement is hereby made.

Board of Directors of Zhejiang Huazheng New Materials Co., Ltd.

March 28, 2026

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