Shenzhen Xinyu Ren Technology Co., Ltd. Announcement on the Plan to Reduce Holdings of Repurchased Shares through Centralized Bidding

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Stock Code: 688573 Stock Abbreviation: Xinyu Ren Announcement No.: 2026-004

Shenzhen Xinyu Ren Technology Co., Ltd.

Announcement on the Centralized Auction Reduction of Part of the Repurchased Shares Plan

The Board of Directors of the Company, all directors, and relevant shareholders guarantee that the content of this announcement does not contain any false records, misleading statements, or significant omissions, and bear legal responsibility for the authenticity, accuracy, and completeness of its content in accordance with the law.

Important Content Reminder:

● Basic Information on the Repurchased Shares

Shenzhen Xinyu Ren Technology Co., Ltd. (hereinafter referred to as “the Company”) conducted two repurchase actions from February 19, 2024, to February 11, 2025, repurchasing a total of 3,461,480 shares, accounting for 3.5410% of the Company’s current total share capital of 97,754,388 shares. Among the repurchased shares, 2,459,429 shares are used to maintain the Company’s value and shareholder rights, which will be sold using a centralized auction trading method twelve months after the disclosure of the repurchase results and share variation announcement, and will be completed within three years after the disclosure of the repurchase results and share variation announcement. If the Company fails to complete the sale within the above period, the remaining repurchased shares will be canceled. For more details, please refer to the announcements disclosed by the Company on November 13, 2024, and February 12, 2025, on the Shanghai Stock Exchange website (www.sse.com.cn) titled “Announcement on the Implementation Results of Share Repurchase and Share Variation” (Announcement No.: 2024-065) and “Announcement on the Implementation Results of Share Repurchase and Share Variation” (Announcement No.: 2025-007). As of the date of this announcement, the Company has not reduced or transferred the aforementioned shares.

● Main Content of the Reduction Plan

The Company convened the 29th meeting of the third Board of Directors on March 17, 2026, and reviewed and approved the proposal on the centralized auction reduction of part of the repurchased shares. According to the provisions of relevant laws and regulations such as the “Self-Regulatory Guidelines No. 7 for Listed Companies on the Shanghai Stock Exchange — Share Repurchase” and the Company’s “Share Repurchase Report” (Announcement No.: 2024-072) (hereinafter referred to as “the Repurchase Report”), the Company plans to reduce no more than 977,543 shares of the repurchased shares through centralized auction trading, accounting for 1.0000% of the Company’s current total share capital, within three months after 15 trading days from the date of this announcement. If there are changes in the number of the Company’s capital due to stock dividends, capital reserve transfers, etc., the number of shares to be reduced will be adjusted accordingly.

I. Basic Information of the Reducing Entity

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Note: Among the above-mentioned holding quantity of 3,461,480 shares, 2,459,429 shares are used to maintain the Company’s value and shareholder rights, and 1,002,051 shares are used for employee stock ownership plans or equity incentives.

The reducing entity has no concerted actions.

The special securities account for repurchase has not reduced shares.

II. Main Content of the 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 time.

(1) Do relevant shareholders have other arrangements? □ Yes √ No

(2) Have relevant shareholders made commitments regarding shareholding ratio, number of shares held, holding period, reduction method, reduction quantity, reduction price, etc.? √ Yes □ No

The shares repurchased by the Company are used to maintain the Company’s value and shareholder rights, which will be sold using a centralized auction trading method twelve months after the disclosure of the repurchase results and share variation announcement, and will be completed within three years after the disclosure of the repurchase results and share variation announcement. If the Company fails to complete the sale within the above period, the remaining repurchased shares will be canceled.

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

Does it involve a situation where the controlling shareholder, actual controller, directors, supervisors, or senior management of a company that has not made a profit at the time of listing plan to reduce shares held before the initial public offering? □ Yes √ No

(3) Other matters required by the exchange

1. Reason and purpose for the reduction: The Company has completed the share repurchase conducted to maintain the Company’s value and shareholder rights, and this reduction of repurchased shares is in accordance with the relevant provisions of “Self-Regulatory Guidelines No. 7 for Listed Companies on the Shanghai Stock Exchange — Share Repurchase” and the “Repurchase Report.”

2. Use of funds obtained from the reduction and specific arrangements: To respond to the operational funding demand brought about by order growth, the Company will use the funds obtained from this reduction of repurchased shares to supplement working capital.

3. Expected changes in the Company’s equity structure after completion of the reduction: If this reduction plan is completed, based on the maximum number of shares to be reduced, 977,543 shares, the shares in the Company’s repurchase special account will change from 3,461,480 shares to 2,483,937 shares, reducing the proportion of total share capital from 3.5410% to 2.5410%. The final number of shares sold and the proportion of the Company’s total issued share capital will be subject to the actual number of shares sold upon expiration of the reduction period or upon completion of the reduction plan.

4. Management’s explanation of the impact of this reduction of repurchased shares on the Company’s operation, finances, and future development: The funds obtained from this reduction of repurchased shares will be used to supplement the working capital required for the Company’s daily operations, which is conducive to the Company’s stable operation, financial performance, and future development.

5. Buying and selling of the Company’s shares by directors, senior management, controlling shareholders, actual controllers, or proposers within 6 months before the board made the reduction resolution: No shares of the Company have been bought or sold.

III. Reduction of Shares Held Before the Initial Public Offering by Controlling Shareholders or Actual Controllers

Is this the situation where the controlling shareholder or actual controller plans to reduce shares held before the initial public offering? □ Yes √ No

IV. Risk Reminder Related to the Reduction Plan

(1) Uncertainty risk of implementing the reduction plan, such as specific circumstances of preconditions, restrictive conditions, and the achievement or elimination of related conditions.

According to the provisions of laws and regulations such as “Self-Regulatory Guidelines No. 7 for Listed Companies on the Shanghai Stock Exchange — Share Repurchase,” the Company’s reduction of repurchased shares must comply with the following requirements:

1. The declared price must not be the price at which the Company’s stock has fallen on that day;

2. No sales orders may be placed during the opening auction on the Shanghai Stock Exchange, within half an hour before the market closes, and on trading days when there are no limits on price fluctuations;

3. The number of shares sold daily must not exceed 25% of the average trading volume over the previous 20 trading days prior to the pre-disclosure date, except when the daily selling quantity does not exceed 200,000 shares;

4. The total number of shares sold within any consecutive 90 days must not exceed 1% of the Company’s total shares;

5. Other requirements stipulated by the China Securities Regulatory Commission and the Shanghai Stock Exchange.

Based on the above requirements and potential uncertainties in the market, this reduction plan may not be completed as planned.

(2) Is there a risk that the implementation of the reduction plan may lead to a change in the control of the listed company?

□ Yes √ No

(3) Other risk reminders

The Company will strictly comply with the relevant provisions of the “Listing Rules for the Sci-Tech Innovation Board of the Shanghai Stock Exchange” and “Self-Regulatory Guidelines No. 7 for Listed Companies on the Shanghai Stock Exchange — Share Repurchase” during this reduction period and will timely fulfill information disclosure obligations. Investors are advised to pay attention to investment risks.

This announcement is hereby issued.

Board of Directors of Shenzhen Xinyu Ren Technology Co., Ltd.

March 18, 2026

Stock Code: 688573 Stock Abbreviation: Xinyu Ren Announcement No.: 2026-005

Shenzhen Xinyu Ren Technology Co., Ltd.

Announcement on the Postponement of the Board of Directors’ Restructuring

The Board of Directors and all directors of the Company guarantee that the content of this announcement does not contain any false records, misleading statements, or significant omissions, and bear legal responsibility for the authenticity, accuracy, and completeness of its content in accordance with the law.

The term of the third Board of Directors of Shenzhen Xinyu Ren Technology Co., Ltd. (hereinafter referred to as “the Company”) will expire on March 29, 2026. Given that the relevant restructuring work is still actively being prepared, to ensure the continuity and stability of the Company’s Board of Directors’ related work, the election of the Board of Directors will be appropriately postponed, and the terms of office of the Board’s specialized committees and senior management will also be extended accordingly.

Before the completion of the restructuring election work, all members of the Company’s third Board of Directors, members of the Board’s specialized committees, and senior management will continue to perform their respective duties and obligations in accordance with relevant laws and regulations and the Company’s Articles of Association.

The postponement of the Board of Directors’ restructuring will not affect the normal operation of the Company. The Company will actively promote related work and complete the Board of Directors’ restructuring election as soon as possible, while timely fulfilling information disclosure obligations.

Board of Directors of Shenzhen Xinyu Ren Technology Co., Ltd.

March 18, 2026

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