JINYAN KAOLIN (02693): Application for the termination of listing of domestic shares on the National Equities Exchange and Quotations.

JINYAN KAOLIN (02693) announced that the company's board of directors made a resolution on August 27, 2026, based on the overall deployment of the company's operational development strategy and capital planning. Considering that the trading and financing functions of the company's domestic shares in recent years have been relatively limited in the National Equities Exchange and Quotations (NEEQ) system, and that the company has established a long-term capital market platform for foreign investors since its H shares were listed on December 3, 2025, the company also complies with the regulatory and information disclosure systems of both the NEEQ and the Hong Kong Stock Exchange (HKEX), which leads to a certain degree of duplicative compliance work and coordination costs. In light of the current market environment, to improve the company's decision-making and operational efficiency, effectively carry out business, and control operating costs, the company plans to apply to the NEEQ for the termination of its listing. This will involve delisting the ordinary shares with a par value of RMB 1.00 per share, which are subscribed for and fully paid in RMB. After the termination of the listing, the company will continue to focus on its core business, strengthen its management capability, enhance the market competitiveness of its products, and improve the company's sustainability. While ensuring steady growth in its main business, the company will earnestly safeguard the rights and interests of shareholders and create long-term value for stakeholders. This termination of the listing only pertains to the public transfer status of the company's domestic shares in the NEEQ and will not affect the company's H shares listing status on the HKEX. It does not involve any significant changes to the company's main business, core assets, control rights, board of directors, or senior management, nor will it have a significant adverse impact on the company's financial status, ongoing viability, or the public float of the H shares. The company confirms that this delisting arrangement from the New Third Board is an independent business judgment made by the board of directors after the H share listing, based on the actual operation of the two platforms, trading conditions of the New Third Board shares, ongoing compliance costs, and shareholders' opinions. The specific date of termination of the listing is subject to approval from the National Equities Exchange and Quotations.