Tianchuang Fashion Co., Ltd. Announcement on Convertible Bond Conversion Results and Share Changes

Security Code: 603608 Stock Short Name: Tainchuang Fashion Announcement No.: Lin 2026-010

Bond Code: 113589 Bond Short Name: Tainchuang Conversion Bond

Tainchuang Fashion Co., Ltd.

Announcement on the Results of Conversion of the Convertible Bonds and Changes in Share Capital

The board of directors and all directors of this company hereby warrant that this announcement contains no false records, misleading statements, or material omissions, and assume individual and joint liability for the truthfulness, accuracy, and completeness of the contents.

Key Information:

● Conversion status for this quarter: During the period from January 1, 2026 to March 31, 2026, the “Tainchuang Conversion Bond” had a cumulative conversion amount of RMB 235,000; the number of shares formed due to the conversion was 19,111 shares; all of them used newly issued shares as the source for the conversion.

● Cumulative conversion status: As of March 31, 2026, a cumulative total of RMB 873,000 of the “Tainchuang Conversion Bond” has been converted into the company’s shares, and the cumulative number of shares converted is 70,734 shares (of which 2,026 shares are treasury shares, and the rest are all newly issued shares). This represents 0.016492% of the total number of shares of the company already issued before conversion of the convertible bonds (i.e., the total share capital as of January 3, 2021 of 428,895,467 shares).

● Convertible bonds not yet converted: The amount of convertible bonds not yet converted is RMB 66,352,000, accounting for 11.0587% of the total issuance of convertible bonds.

I. Overview of Issuance and Listing of the Convertible Bonds

Approved by the China Securities Regulatory Commission’s “Reply on Approving the Public Issuance of Convertible Corporate Bonds by Tainchuang Fashion Co., Ltd.” (CSRC Approval [2020] 526), the company issued 6,000,000 lots of convertible corporate bonds publicly on June 24, 2020, with a par value of RMB 100 per lot and a total issuance amount of RMB 600,000,000. The bond term is 6 years from the date of issuance, i.e., from June 24, 2020 to June 23, 2026. The coupon rates are: 0.40% for the first year, 0.60% for the second year, 1.00% for the third year, 1.50% for the fourth year, 1.80% for the fifth year, and 2.00% for the sixth year. Within the five trading days after the expiration of the convertible bonds, the company will redeem the unconverted convertible bonds at a price of 110% of the bond par value (including the interest for the final year).

The conversion period of the “Tainchuang Conversion Bond” is from January 4, 2021 to June 23, 2026. The initial conversion price is RMB 12.64 per share. Due to conversion price adjustments caused by the company’s 2020 interim and 2020 annual profit distributions, the latest conversion price is RMB 12.29 per share. For details, please refer to the “Announcement on the Reminder of Adjustment to the Conversion Price of the ‘Tainchuang Conversion Bond’” (Announcement No. 2020-081) and the “Announcement on the Adjustment to the Conversion Price of the ‘Tainchuang Conversion Bond’ Triggered by Equity Distribution” (Announcement No. 2021-058) disclosed by the company on the website of the Shanghai Stock Exchange.

Due to the triggering of the repurchase clause, the “Tainchuang Conversion Bond” filed repurchase declarations from August 12, 2024 to August 16, 2024. During the repurchase declaration period, the number of effective declarations was 5,327,750 lots, with a par value of RMB 532,775,000. Based on the number of effective repurchase declarations, China Securities Depository and Clearing Co., Ltd. Shanghai Branch canceled RMB 532,775,000 of the “Tainchuang Conversion Bond” on August 21, 2024. For details, please refer to the “Announcement on the Results of the Repurchase of the ‘Tainchuang Conversion Bond’” (Announcement No. 2024-114) disclosed by the company on the website of the Shanghai Stock Exchange.

Due to the triggering of the additional repurchase clause, the “Tainchuang Conversion Bond” filed repurchase declarations from December 17, 2024 to December 23, 2024. During the repurchase declaration period, the number of effective declarations was 0 lots. For details, please refer to the “Announcement on the Results of the Repurchase of the ‘Tainchuang Conversion Bond’” (Announcement No. 2024-176) disclosed by the company on the website of the Shanghai Stock Exchange.

Due to the triggering of the repurchase clause, the “Tainchuang Conversion Bond” filed repurchase declarations from August 12, 2025 to August 18, 2025. During the repurchase declaration period, the number of effective declarations was 0 lots. For details, please refer to the “Announcement on the Results of the Repurchase of the ‘Tainchuang Conversion Bond’” (Announcement No. 2025-068) disclosed by the company on the website of the Shanghai Stock Exchange.

II. Conversion of the Convertible Bonds This Time

The start and end dates of the conversion period for the “Tainchuang Conversion Bond” are January 4, 2021 to June 23, 2026.

The “Tainchuang Conversion Bond” during the period from January 1, 2026 to March 31, 2026 had a cumulative conversion amount of RMB 235,000; the number of shares formed due to the conversion was 19,111 shares; all of them used newly issued shares as the source for the conversion.

As of March 31, 2026, a cumulative total of RMB 873,000 of the “Tainchuang Conversion Bond” has been converted into the company’s shares, and the cumulative number of shares converted is 70,734 shares (of which 2,026 shares are treasury shares, and the rest are all newly issued shares). This represents 0.016492% of the total number of shares of the company already issued before conversion of the convertible bonds (i.e., the total share capital as of January 3, 2021 of 428,895,467 shares).

As of March 31, 2026, the amount of convertible bonds not yet converted is RMB 66,352,000, accounting for 11.0587% of the total issuance of convertible bonds.

III. Changes in Share Capital

Unit: shares

■

IV. Other

Contact Department: Office of the Company’s Board Secretary, Tainchuang Fashion

Telephone: 020-39301538

Contact Email: topir@topscore.com.cn

Notice is hereby given.

Tainchuang Fashion Co., Ltd.

Board of Directors

April 2, 2026

Massive information and precise insights are available on Sina Finance APP