Kuaiji Mountain Shaoxing Wine Co., Ltd. Announcement on the Release and Re-pledge of Part of the Shareholder's Equity Pledge

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Stock code: 601579 Stock abbreviation: Kuaijishan Announcement number: 2026-016

Kuaijishan Shaoxing Wine Co., Ltd.

Announcement on the Release of Pledge and Re-Pledge of Partial Equity by the Controlling Shareholder

The board of directors of the company and all directors guarantee that the content of this announcement does not contain any false records, misleading statements, or significant omissions, and bear individual and joint responsibility for the authenticity, accuracy, and completeness of its content.

Important content reminder:

● Kuaijishan Shaoxing Wine Co., Ltd. (hereinafter referred to as the “company” or “Kuaijishan”) has a controlling shareholder, China Construction Trust (Zhejiang) Venture Capital Co., Ltd. (hereinafter referred to as “China Construction Trust Zhejiang”), holding 149,158,200 shares of the company, accounting for 31.11% of the company’s total share capital. After the release of the pledge of 4,220,000 shares and the continued pledge of 5,000,000 shares, the total pledged shares by the controlling shareholder, China Construction Trust Zhejiang, amount to 111,641,640 shares, accounting for 74.85% of its total shares held and 23.28% of the company’s total share capital.

1. Situation of the Release of Shares from Pledge

On March 24, 2026, the controlling shareholder, China Construction Trust Zhejiang, released the pledge of 4,220,000 shares pledged to the Zhejiang Branch of China Export-Import Bank and completed the relevant procedures. The specific situation of the release of shares from pledge is as follows:

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2. Situation of the Pledge of Shares

(1) Basic Situation of the Pledge of Shares

On March 25, 2026, the controlling shareholder, China Construction Trust Zhejiang, completed the share pledge registration procedures at the Shanghai Branch of China Securities Depository and Clearing Co., Ltd., pledging part of its shares held in the company to the Zhejiang Branch of China Export-Import Bank. The specific situation of the share pledge is as follows:

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The main purpose of the above share pledge is for the production and operation needs of the enterprise, and it is not used as collateral for significant asset restructuring performance compensation or other security purposes.

(2) Cumulative Pledged Shares by the Shareholder

As of the disclosure date of this announcement, the cumulative pledged share situation of the controlling shareholder is as follows:

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3. Situation of the Controlling Shareholder’s Share Pledge

(1) As of the disclosure date of this announcement, the controlling shareholder does not have any other pledged company shares due within the next six months and one year.

(2) The financial status of the controlling shareholder is good, with corresponding repayment ability for the pledged financing. The sources of repayment funds mainly include operating income, dividends from listed company stocks, investment income, and self-raised funds. The risks of this pledge are within a controllable range, with no agreements for forced liquidation. If risks arise subsequently, the controlling shareholder will take measures including but not limited to supplementary guarantees and early repayments.

(3) As of the disclosure date of this announcement, the controlling shareholder does not have any situations that infringe upon the interests of the listed company through non-operational fund occupation, illegal guarantees, related party transactions, etc.

(4) Impact of the Controlling Shareholder’s Pledge on the Listed Company

1. The share pledge by the controlling shareholder will not have any impact on the company’s production and operation.

2. The share pledge by the controlling shareholder will not have any impact on the company’s governance and will not lead to a change in actual control.

3. The controlling shareholder does not have any performance compensation obligations to fulfill.

The company will continue to pay attention to the share pledge situation of the controlling shareholder, strictly comply with relevant regulations, and timely fulfill information disclosure obligations. Investors are advised to pay attention to investment risks.

This announcement is hereby made.

Board of Directors of Kuaijishan Shaoxing Wine Co., Ltd.

March 27, 2026

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