Announcement on the Shareholding Situation of the Top Ten Shareholders and the Top Ten Shareholders Without Selling Restrictions of Sanquan Food Co., Ltd. Regarding Share Repurchase

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Stock Code: 002216 Short Name: Sanquan Food Announcement No.: 2026-006

Sanquan Food Co., Ltd.

Announcement on the Top Ten Shareholders and Top Ten Shareholders Without Sale Restrictions

and their Shareholding Status

The company and all members of the board of directors guarantee that the information disclosure is true, accurate, and complete, with no false records, misleading statements, or major omissions.

Sanquan Food Co., Ltd. (hereinafter referred to as “the Company”) held the fifth meeting of the ninth board of directors on March 24, 2026, which approved the “Proposal on the Share Repurchase Plan.” Details are disclosed in the “Announcement on the Share Repurchase Plan” published by the company on March 25, 2026, in Securities Times, Shanghai Securities News, and CNINFO (Announcement No.: 2026-004).

According to the relevant provisions of the “Rules for Share Repurchase by Listed Companies,” “Guidelines for Self-Regulation of Listed Companies on the Shenzhen Stock Exchange No. 9 – Share Repurchase,” and other laws and regulations, the following is the announcement of the top ten shareholders and top ten shareholders without sale restrictions as of the previous trading day (March 24, 2026), registered in the records, including their names, shareholding quantities, and shareholding ratios:

1. Shareholding of the Top Ten Shareholders

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Note: The above shareholding quantities include the total shares after consolidation of ordinary accounts and margin financing and securities lending credit accounts.

2. Shareholding of the Top Ten Shareholders Without Sale Restrictions

■

Note: The above shareholding quantities include the total shares after consolidation of ordinary accounts and margin financing and securities lending credit accounts.

3. Reference Documents

4. Shareholder register issued by China Securities Depository and Clearing Corporation Limited Shenzhen Branch.

This announcement is hereby made.

Board of Directors of Sanquan Food Co., Ltd.

March 26, 2026

Stock Code: 002216 Short Name: Sanquan Food Announcement No.: 2026-005

Sanquan Food Co., Ltd.

Share Repurchase Report

The company and all members of the board of directors guarantee that the information disclosure is true, accurate, and complete, with no false records, misleading statements, or major omissions.

Important Highlights:

1. Basic information of this share repurchase

Sanquan Food Co., Ltd. (hereinafter referred to as “the Company”) plans to use its own funds and raised funds to repurchase some of its shares through centralized bidding, with the following brief details:

(1) Type of shares to be repurchased: the company’s issued RMB ordinary shares (A-shares);

(2) Purpose of repurchase: for equity incentives and/or employee stock ownership plans;

(3) Repurchase price: not exceeding RMB 13.50 per share (inclusive);

(4) Total amount of funds for repurchase: no less than RMB 75 million and no more than RMB 150 million;

(5) Quantity of shares to be repurchased: estimated based on the maximum amount of RMB 150 million and a maximum price of RMB 13.50 per share, approximately 150M shares, accounting for 1.26% of the company’s total share capital; based on the minimum amount of RMB 75 million and the same maximum price, approximately 5.56 million shares, accounting for 0.63% of total share capital;

(6) Source of funds: self-owned funds and raised funds;

(7) Repurchase period: within twelve months from the date of approval by the board of directors.

2. The share repurchase plan has been approved at the fifth meeting of the ninth board of directors. According to relevant laws, regulations, and the Articles of Association, this plan falls within the authority of the board of directors and does not require shareholder approval.

3. The company will use the existing special securities account for share repurchase opened with China Securities Depository and Clearing Corporation Limited Shenzhen Branch.

4. Risk warnings

(1) The plan may face risks such as the company’s stock price continuously exceeding the upper limit of the repurchase price during the repurchase period, which may lead to the plan’s inability to be fully implemented or only partially implemented.

(2) There is a risk that the repurchased shares cannot be fully allocated due to the failure of the equity incentive or employee stock ownership plan to be approved by the shareholders’ meeting or other decision-making bodies, or if incentive recipients waive their subscription rights.

(3) During the repurchase process, significant events affecting the company’s stock trading price or decisions by the board to terminate the plan may prevent full implementation.

This repurchase will not have a significant impact on the company’s operations, financial condition, or future development, nor will it affect the company’s listing status. The company will repurchase shares opportunistically based on market conditions within the period and will disclose relevant information in a timely manner. Investors are advised to be aware of investment risks.

According to the “Company Law of the People’s Republic of China,” “Securities Law of the People’s Republic of China,” “Stock Listing Rules of the Shenzhen Stock Exchange,” “Rules for Share Repurchase by Listed Companies,” “Guidelines for Self-Regulation of Listed Companies No. 9 – Share Repurchase,” and other laws, regulations, normative documents, and the Articles of Association of Sanquan Food Co., Ltd., the company has prepared this share repurchase report, with details as follows:

1. Main contents of the share repurchase plan

(1) Purpose of repurchase

Based on confidence in the company’s future development and recognition of its long-term value, to safeguard investors’ interests, and to establish a sound long-term incentive mechanism, the company intends to repurchase some of its shares through centralized bidding with its own or raised funds, for implementing equity incentives and/or employee stock ownership plans.

(2) Conditions for share repurchase

The company’s repurchase complies with the conditions stipulated in Article 8 of the “Rules for Share Repurchase by Listed Companies” and Article 10 of the “Guidelines for Self-Regulation of Listed Companies No. 9 – Share Repurchase,” including:

1. Shares listed for more than six months;

2. No major illegal activities in the past year;

3. After repurchase, the company has the ability to continue operations and fulfill debts;

4. After repurchase, the company’s shareholding structure meets listing requirements;

5. Other conditions stipulated by the China Securities Regulatory Commission and stock exchange.

(3) Methods and price range for repurchase

1. The company plans to repurchase shares through the Shenzhen Stock Exchange trading system via centralized bidding.

2. The repurchase price will not exceed RMB 13.50 per share (inclusive). The upper limit of the price will be 150% of the average trading price of the stock in the 30 trading days before the board resolution, and the specific price will be determined based on the stock’s secondary market price, financial status, and operational conditions.

If the company implements capital reserve conversion, dividend distribution, bonus shares, rights issues, or other ex-rights and ex-dividend events during the repurchase period, the upper limit of the repurchase price will be adjusted accordingly based on relevant regulations.

(4) Types, purposes, total funds, quantities, and proportion of shares to be repurchased

1. Type of shares: the company’s issued RMB ordinary shares (A-shares);

2. Purpose: for equity incentives and/or employee stock ownership plans. If the company does not use all repurchased shares within three years after the announcement of the results and share changes, the unused shares will be canceled. If policies are adjusted, the plan will follow the new policies;

3. Total funds for repurchase: no less than RMB 75 million and no more than RMB 150 million, based on actual use at the end of the repurchase;

4. Quantity and proportion: estimated based on the maximum amount of RMB 150 million and a maximum price of RMB 13.50 per share, approximately 11.11 million shares (1.26% of total share capital); based on the minimum amount of RMB 75 million, approximately 5.56 million shares (0.63%). The actual number will be determined at the end of the repurchase period.

(5) Source of funds

The funds for this repurchase come from the company’s own funds and raised funds.

(6) Implementation period

1. The period shall not exceed twelve months from the date of approval by the board. If the company’s stock is suspended for more than ten trading days due to major planning, the period may be extended but not beyond the maximum term stipulated by authorities.

2. The period may end early if:

(1) The repurchase amount exceeds the minimum or maximum limits during the period, and the plan is completed or terminated accordingly;

(2) The board decides to terminate the plan.

3. The company shall not repurchase shares during:

(1) Major events that could significantly impact the stock price or during the decision-making process until legally disclosed;

(2) Other circumstances stipulated by the CSRC and stock exchange.

(4) The company shall report the repurchase price and volume according to regulations, including but not limited to:

• Not exceeding the daily trading limit;

• Not during open or close auction periods without price limits;

• Other requirements of the CSRC and stock exchange.

(7) Expected changes in the company’s shareholding structure after repurchase

Based on the minimum funds of RMB 75 million and a maximum price of RMB 13.50 per share:

• Estimated repurchase of about 5.56 million shares (0.63%), assuming all are locked in.

Based on the maximum funds of RMB 150 million:

• Estimated repurchase of about 11.11 million shares (1.26%), assuming all are locked in.

Actual figures will depend on the final repurchase volume.

(8) Management’s analysis and all directors’ commitments

As of September 30, 2025 (unaudited), the company’s total assets were RMB 7,568,510,450.33, and owners’ equity was RMB 4,527,384,526.24. If the maximum repurchase amount of RMB 1.5 billion is fully used, it accounts for approximately 1.98% of total assets and 3.31% of owners’ equity, respectively, which is low.

The company believes that repurchasing between RMB 75 million and RMB 150 million will not significantly impact operations, finances, R&D, debt obligations, or future development. The plan will not change control or listing status, and the company will repurchase shares opportunistically based on market conditions, disclosing progress timely. The repurchase aims to establish a profit-sharing mechanism, enhance staff cohesion, promote sustainable development, boost market confidence, and protect investors’ interests, especially small and medium investors.

All directors promise: to act honestly, diligently, and in good faith, safeguarding the company’s and shareholders’ and creditors’ rights; the plan will not impair the company’s debt repayment or ongoing operations.

(9) Insider trading, market manipulation, and future share reduction plans

The company’s internal review confirms that directors, senior management, controlling shareholders, and actual controllers, and their concerted parties, did not buy or sell the company’s shares in the six months before the plan’s approval, nor engaged in insider trading or market manipulation.

As of the announcement date, no specific plans for share increase or decrease have been made during the repurchase period. Future plans will be disclosed timely if any.

(10) Arrangements for cancellation or transfer after repurchase, and measures to protect creditors’ rights

Shares repurchased will be used for equity incentives and employee plans. If not used within three years or not fully used, the remaining will be canceled legally.

If cancellation occurs, the company will follow legal procedures, notify creditors, and disclose information to protect their rights.

(11) Authorization arrangements for the repurchase

The plan has been approved at the ninth board meeting on March 24, 2026. The shares will be used for incentives or employee plans. According to regulations, approval by more than two-thirds of directors is sufficient; shareholder approval is not required.

The management is authorized to handle all related matters within legal limits, including but not limited to:

• Formulating detailed plans;

• Adjusting plans if regulations or market conditions change;

• Establishing accounts, executing trades, and determining timing, price, and volume;

• Modifying Articles of Association and related documents;

• Transferring or canceling shares after repurchase, including reducing registered capital if not transferred within the period;

• Handling other necessary matters.

This authorization is valid from the approval date until all tasks are completed.

Risk warnings:

• The plan may face implementation difficulties if stock prices stay above the upper limit;

• Shares may not be fully allocated if incentives are not approved or recipients waive rights;

• The plan may be terminated due to major events or board decisions.

The plan will not significantly affect the company’s operations or listing status. The company will disclose progress timely and remind investors of risks.

Disclosure procedures:

• Disclosure of the first repurchase within one trading day;

• Disclosure if the shareholding ratio increases by 1%;

• Monthly progress reports;

• If the plan is not executed as scheduled, reasons and future arrangements will be announced;

• Upon completion or termination, the company will disclose the final results.

Reference documents include the resolutions of the ninth board meeting and disclosures on March 25, 2026.

Share repurchase account opening:

The company will use the existing special securities account with China Securities Depository and Clearing Corporation Limited Shenzhen Branch, solely for repurchase.

Information disclosure arrangements:

The company will disclose progress in periodic reports, including:

• Disclosure of the first repurchase;

• Shareholding ratio changes;

• Monthly updates;

• Reasons for delays or non-implementation;

• Final results upon completion or termination.

Reference documents:

Resolutions of the ninth board meeting.

This announcement is hereby made.

Board of Directors of Sanquan Food Co., Ltd.

March 26, 2026