Gansu Lanke Petrochemical High-tech Equipment Co., Ltd. Announcement on the Completion of the Registration of the Change of Controlling Shareholder and the Effectiveness of the Shareholders' Signed "Voting Rights Power of Attorney Termination Agreement"

Stock Code: 601798 Stock Short Name: Bluoko Hi-Tech Announcement No.: 2026-008

Gansu Bluoko Petrochemical High-Tech Equipment Co., Ltd.

Announcement on the Completion of the Transfer Registration Regarding the Change of the Controlling Shareholder

and the Effectiveness of the Announcement Concerning the “Deed of Termination of the Voting Rights Delegation Agreement” Signed by the Shareholders

The board of directors of this company and all directors hereby guarantee that there are no false records, misleading statements, or material omissions in the contents of this announcement, and that we assume legal responsibility for the authenticity, accuracy, and completeness of the content in accordance with the law.

Gansu Bluoko Petrochemical High-Tech Equipment Co., Ltd. (hereinafter referred to as the “Company”) received on March 31, 2026 the “Securities Transfer Registration Confirmation Letter” issued by China Securities Depository and Clearing Co., Ltd. A transfer of part of the Company’s shares from JIJI Assets Management Co., Ltd. (hereinafter referred to as “Ji Ji Assets”) to Sinomedia Co., Ltd. (hereinafter referred to as “Sinomedia”) by agreement has completed the transfer registration procedures with the Shanghai Branch of China Securities Depository and Clearing Co., Ltd. Meanwhile, the “Deed of Termination of the Voting Rights Delegation Agreement in Relation to Gansu Bluoko Petrochemical High-Tech Equipment Co., Ltd.” (hereinafter referred to as the “Voting Rights Delegation Termination Agreement”), signed by Ji Ji Assets and China Pudong Machinery Industrial Co., Ltd. (hereinafter referred to as “China Pudong”), has come into effect accordingly. After that, Ji Ji Assets will no longer delegate to China Pudong the exercise of voting rights over the remaining shares.

I. Basic Circumstances of This Equity Interest Change

On April 16, 2025, the Company’s former controlling shareholder, China Pudong, and the Company’s former first largest shareholder, Ji Ji Assets, signed a conditional effectiveness “Deed of Termination of the Voting Rights Delegation Agreement in Relation to Gansu Bluoko Petrochemical High-Tech Equipment Co., Ltd.” (hereinafter referred to as the “Voting Rights Delegation Termination Agreement”). Ji Ji Assets will no longer delegate the voting rights represented by 78,130,744 shares of Gansu Bluoko Petrochemical High-Tech Equipment Co., Ltd. (hereinafter referred to as the “Company”) held by it (hereinafter referred to as the “Termination of Voting Rights Delegation”). The Termination of Voting Rights Delegation takes effect simultaneously when Ji Ji Assets transfers its 60,000,000 shares held in the Company to Sinomedia.

On the same day, Ji Ji Assets and Sinomedia signed a “Share Transfer Agreement,” intending to transfer 60,000,000 shares of the Company held by Ji Ji Assets to Sinomedia through a non-public agreement-based transfer method. This is approximately 16.92% of the Company’s total share capital. The intended transfer price of the target shares is RMB 6.71 per share, and the total transaction consideration is RMB 402,600,000 (hereinafter referred to as the “This Equity Interest Change”).

After this Equity Interest Change, Sinomedia will hold 77,000,000 shares of the Company (representing 21.72% of the Company’s total share capital), becoming the controlling shareholder of the Company. China Pudong, Ji Ji Assets, and Sinomedia are all controlling subsidiaries of China National Machinery Industry Group Co., Ltd. (hereinafter referred to as the “National Machinery Group”). The Company’s actual controller remains the National Machinery Group.

For details, please refer to the Company’s “Notice on the Shareholders Signing the Conditionally Effective ‘Deed of Termination of the Voting Rights Delegation Agreement’ ‘Share Transfer Agreement’ and the Change in the Controlling Shareholder” (Announcement No.: 2025-004) and the “Progress Announcement on the Shareholders Signing the Conditionally Effective ‘Deed of Termination of the Voting Rights Delegation Agreement’ ‘Share Transfer Agreement’ and the Change in the Controlling Shareholder” (Announcement No.: 2026-002), which were disclosed on April 17, 2025 and January 24, 2026 respectively.

II. Transfer Registration of the Shares Involved in This Equity Interest Change

The agreement-based transfer between Sinomedia and Ji Ji Assets has been completed, and Sinomedia and Ji Ji Assets obtained on March 31, 2026 the “Securities Transfer Registration Confirmation Letter” issued by China Securities Depository and Clearing Co., Ltd. After this Equity Interest Change, the number and proportion of shares and voting rights held by Sinomedia and its parties acting in concert are shown in the following table:

■

III. Other Relevant Explanations

1. The transferee under this agreement-based transfer undertakes that within 24 months from the date of completion of the transfer registration of this share agreement, it will not reduce its holdings of the shares it has acquired.

2. After completion of the share transfer registration, it will not result in any change in the Company’s control. The National Machinery Group will remain the Company’s actual controller. This agreement-based transfer complies with relevant laws and regulations such as the “Company Law of the People’s Republic of China,” the “Securities Law of the People’s Republic of China,” and the “Measures for the Administration of Takeover of Listed Companies.” There is no situation in which this agreement-based transfer damages the interests of the Company and other shareholders, especially the interests of minority shareholders. It will not have any adverse impact on the Company’s continuous operations, nor will it have any material adverse impact on the Company’s financial position.

This announcement is hereby issued.

Board of Directors of Gansu Bluoko Petrochemical High-Tech Equipment Co., Ltd.

April 1, 2026

A wealth of information and precise interpretation—available at the Sina Finance APP