Announcement by Sichuan Huati Lighting Technology Co., Ltd. Regarding the Maturity Redemption and Delisting of "Huati Convertible Bond"

Securities Code: 603679
Securities Abbreviation: Huatì Technology
Announcement No.: 2026-010

Sichuan Huatì Lighting Technology Co., Ltd.

Announcement on the Maturity and Redemption of “Huatì Convertible Bonds” and Delisting

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

Key Highlights:

● Trading Suspension and Resumption: Applicable

Due to the maturity and redemption of “Huatì Convertible Bonds,” the relevant securities of Sichuan Huatì Lighting Technology Co., Ltd. (hereinafter referred to as “the Company”) will be suspended and resumed as follows:

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● Convertible Bond Maturity Date / Redemption Registration Date: March 30, 2026

● Principal and Interest Payment Amount: 110 RMB per bond (including last installment annual interest, tax included)

● Funds Disbursement Date: March 31, 2026

● Convertible Bond Delisting Date: March 31, 2026

● Last Trading Day of Convertible Bonds: March 25, 2026

● Last Conversion Date of Convertible Bonds: March 30, 2026

● During the trading halt and before the end of the conversion period (from March 26 to March 30, 2026), holders of “Huatì Convertible Bonds” may convert their bonds into company stock according to the conditions specified in the Prospectus.

According to the approval of the China Securities Regulatory Commission (CSRC) “Approval for the Public Issuance of Convertible Corporate Bonds by Sichuan Huatì Lighting Technology Co., Ltd.” (Approval No. [2020]245), the Company issued 2,088,000 convertible bonds on March 31, 2020, each with a face value of 100 RMB, totaling 208.8 million RMB, with a term of 6 years. The bonds were listed on the Shanghai Stock Exchange starting April 27, 2020, under the abbreviation “Huatì Bonds” with code “113574.”

Based on the “Administrative Measures for the Registration of Securities Issuance by Listed Companies,” the “Shanghai Stock Exchange Listing Rules,” and the “Prospectus for the Public Issuance of Convertible Bonds by Sichuan Huatì Lighting Technology Co., Ltd.” (hereinafter referred to as the “Prospectus”), the following notice is issued regarding the maturity, redemption, and delisting of “Huatì Bonds”:

1. Redemption Plan

Within five trading days after the bonds’ maturity, the Company will redeem all unconverted bonds at 110% of the face value (including the last installment annual interest) from investors.

2. Trading Halt Date for Convertible Bonds

According to the “Shanghai Stock Exchange Listing Rules” and other regulations, “Huatì Bonds” will cease trading starting March 26, 2026. The last trading day will be March 25, 2026.

During the trading halt and before the end of the conversion period (from March 26 to March 30, 2026), holders may convert bonds into stock under the conditions specified in the Prospectus.

The current conversion price is 13.49 RMB per share. Investors should be aware of the risks associated with conversion.

3. Bond Registration Date (Maturity Date)

The maturity and redemption registration date for “Huatì Bonds” is March 30, 2026. The redemption will be made to all holders registered with China Securities Depository and Clearing Corporation Limited Shanghai Branch (“CSD Shanghai”) as of the close of trading on March 30, 2026.

4. Principal and Interest Payment Amount and Disbursement Date

The total principal and interest payable upon maturity is 110 RMB per bond (tax included). The funds will be disbursed on March 31, 2026.

5. Redemption Method

The principal and interest upon maturity will be transferred into the bondholders’ accounts via the custodian broker by CSD Shanghai.

6. Delisting Date of Bonds

Starting March 26, 2026, “Huatì Bonds” will cease trading. The bonds will be delisted from the Shanghai Stock Exchange on March 31, 2026.

7. Taxation on Bond Interest for Investors

8. According to the “Individual Income Tax Law of the People’s Republic of China” and other relevant tax regulations, individual investors (including securities investment funds) are responsible for paying taxes. As per the Prospectus, bonds will be redeemed at 110% of face value (including last installment interest). The tax on individual income will be withheld at 20% by the disbursing agencies, so the actual amount received per 100 RMB bond is 108 RMB (after tax). The final withholding policy depends on local tax authorities. If the disbursing agencies fail to withhold taxes, they bear legal responsibility. Taxpayers with applicable tax relief policies can apply for refunds within the tax declaration period.

9. For resident enterprises holding the bonds, the interest income tax is self-paid, so the actual amount received per 100 RMB bond is 110 RMB (tax included).

10. For qualified offshore institutional investors (“QFII,” “RQFII”) and other non-resident enterprises (as defined in the “Enterprise Income Tax Law of the People’s Republic of China”), from January 1, 2026, to December 31, 2027, interest income from bonds obtained in the domestic bond market is temporarily exempt from enterprise income tax and value-added tax, so the actual amount received per 100 RMB bond is 110 RMB (tax included). This exemption does not apply to offshore institutions with physical presence in China that have actual contact with the bonds.

11. Other bondholders should fulfill their respective tax obligations according to relevant tax laws and regulations.

12. Other Matters

Contact Department: Huatì Technology Securities Department
Phone: 028-85871857

This announcement is hereby issued.

Board of Directors of Sichuan Huatì Lighting Technology Co., Ltd.

March 20, 2026