Zhejiang Dechuang Environmental Protection Technology Co., Ltd. Announcement on Partial Share Pledge and Re-pledge by the Controlling Shareholder

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Stock Code: 603177 Stock Short Name: Dechuang Environmental Protection Announcement No.: 2026-006

Zhejiang Dechuang Environmental Protection Technology Co., Ltd.

Announcement on Part of the Shares Release from Pledge and Pledge by the Company’s Controlling Shareholder

This company’s board of directors and all directors hereby guarantee that there are no false records, misleading statements, or material omissions in the contents of this announcement, and assume legal responsibility for the truthfulness, accuracy, and completeness of the contents.

Key Matters to Note:

● As of the date of disclosure of this announcement, Zhejiang Dechuang Industrial Holding Group Co., Ltd. (hereinafter referred to as the “Company” and “Our Company”) held 87.9475 million shares of the Company, accounting for 43.07% of the Company’s total share capital. The pledged number of shares of the Company was 45.65 million shares, accounting for 22.36% of the Company’s total share capital, and accounting for 51.91% of the total number of shares held by Dechuang Industrial Holding Group. Dechuang Industrial Holding Group and its acting-in-concert party, Shaoxing Dexin Enterprise Management Co., Ltd. (hereinafter referred to as “Shaoxing Dexin”) and Hong Kong Rongzhi Group Co., Ltd. (hereinafter referred to as “Hong Kong Rongzhi”), collectively held 119.33M shares of the Company, accounting for 58.44% of the Company’s total share capital. The pledged number of shares of the Company was 45.65 million shares, accounting for 22.36% of the Company’s total share capital, and accounting for 38.25% of the total number of shares held by them.

On April 3, 2026, the Company received a notice from its controlling shareholder Dechuang Industrial Holding Group, stating that Dechuang Industrial Holding Group conducted release from pledge and pledge procedures for the Company’s tradable shares it holds, and the specific matters are as follows:

I. Basic Situation of the Release from Pledge of Shares in This Round

Dechuang Industrial Holding Group handled the release-from-pledge procedures for 5.2 million shares of the Company’s tradable shares it pledged to the Binhai New District Sub-branch of Shaoxing Bank Co., Ltd. Relevant pledge release procedures have been completed. The specific matters are as follows:

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Note: The remaining pledged shares in the table above do not include the additional pledged shares of 7.6 million on April 2.

Dechuang Industrial Holding Group currently has no plan to use the shares whose pledge has been released in this round for subsequent pledge. In the future, it will consider whether to pledge again based on its capital needs. The Company will promptly fulfill its information disclosure obligations in accordance with the actual pledge situation of shareholders.

II. Basic Situation of the Pledge of Shares in This Round

Dechuang Industrial Holding Group pledged 7.6 million shares of the Company’s tradable shares it holds (accounting for 3.72% of the Company’s total share capital, and accounting for 8.64% of the total number of shares held by Dechuang Industrial Holding Group) to the Binhai New District Sub-branch of Shaoxing Bank Co., Ltd. (hereinafter referred to as “Shaoxing Bank”), and completed the pledge registration procedures with China Securities Depository and Clearing Co., Ltd. The specific matters are as follows:

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This pledge of shares was not used for guarantees or other safeguards related to major asset restructuring performance compensation, etc.

III. Situation of Cumulative Pledged Shares by Shareholders

As of the date of disclosure of this announcement, the cumulative pledged shares of the above shareholders and their acting-in-concert parties are as follows:

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IV. Situation of Share Pledges by the Controlling Shareholder

As of the date of disclosure of this announcement, the total number of shares pledged by the controlling shareholder Dechuang Industrial Holding Group and its acting-in-concert parties Shaoxing Dexin and Hong Kong Rongzhi, as well as the proportion of the company shares they hold, is 38.25%; the proportion of the controlling shareholder Dechuang Industrial Holding Group’s pledged shares to the number of shares held is 51.91%. This has exceeded 50% but has not reached 80%. The relevant circumstances are explained as follows:

(I) The share pledge financing of Dechuang Industrial Holding Group in this round is not related to the production and operation needs of the listed company. The specific use of the pledge financing funds is to meet the operational needs of Dechuang Industrial Holding Group. The future repayment sources will be Dechuang Industrial Holding Group’s own funds or self-raised funds.

(II) Starting from April 3, 2026, the cumulative quantity of pledged shares that will mature within the next six months and within one year by the controlling shareholder and its acting-in-concert parties, the proportion to the shares held, the proportion to the Company’s total share capital, and the corresponding financing balance are shown in the table below:

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(III) As of the date of disclosure of this announcement, the creditworthiness and financial condition of the Company’s controlling shareholder and its acting-in-concert parties are good. They have corresponding repayment ability and sufficient risk control capability. The source of repayment funds will be own and self-raised funds. There is no risk that the pledged shares will be subject to liquidation or forced transfer.

(IV) The controlling shareholder and its acting-in-concert parties do not have circumstances such as non-operating fund occupation or illegal guarantees that would infringe upon the interests of the listed company.

(V) This share pledge does not have any impact on the production and operation of the listed company, nor on corporate governance, etc.

(VI) The Company will continue to monitor the share pledge situation and pledge risks of the controlling shareholder and its acting-in-concert parties, and will, in accordance with regulations, promptly perform related information disclosure work. Investors are kindly reminded to pay attention to investment risks.

This announcement is hereby issued.

Board of Directors of Zhejiang Dechuang Environmental Protection Technology Co., Ltd.

April 4, 2026

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