ZHONGSHUN HYGIENE PRODUCTS CO., LTD. ANNOUNCEMENT ON FIRST SHARE REPURCHASE OF THE COMPANY

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Securities Code: 002511 Stock Abbreviation: Zhongshun Jierou Announcement No.: 2026-18

Zhongshun Jierou Paper Co., Ltd.

Announcement on the First Repurchase of Company Shares

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

Zhongshun Jierou Paper Co., Ltd. (hereinafter referred to as “the Company”) held the 17th meeting of the sixth board of directors, which approved the “Proposal on the Company’s Share Repurchase Plan.” The company plans to use its own funds to repurchase some of its issued RMB ordinary shares (A-shares) through centralized bidding transactions. The repurchased shares will be used as a source for implementing employee stock ownership plans or equity incentive plans in the future. The total amount of funds for this repurchase will not be less than RMB 60 million (inclusive) and not more than RMB 120 million (inclusive). The repurchase price will not exceed RMB 12.4 per share (inclusive). Based on the upper and lower limits of the total repurchase funds and the maximum price of RMB 12.4 per share, the estimated number of shares to be repurchased is approximately 4,838,710 to 9,677,419 shares. The specific number of shares to be repurchased will be subject to the actual repurchase upon completion of the plan or at the expiration of the repurchase period. The implementation period for this share repurchase is within 12 months from the date the board of directors approves this plan, i.e., from February 24, 2026, to February 23, 2027. For details, please refer to the company’s relevant announcements published on designated information disclosure media such as Securities Times, Securities Daily, Shanghai Securities News, China Securities Journal, and Juchao Information Network (http://www.cninfo.com.cn).

According to the “Rules for Share Repurchase by Listed Companies” and the “Guidelines for Self-Regulation of Listed Companies No. 9—Share Repurchase” and other relevant regulations, the company shall disclose the first repurchase on the trading day following the occurrence of the first repurchase. The company’s first share repurchase is hereby announced as follows:

1. Details of the First Share Repurchase

On March 23, 2026, the company repurchased 1,200,000 shares through a dedicated securities account for share repurchase via centralized bidding, accounting for 0.09% of the company’s current total share capital. The highest transaction price was RMB 8.27 per share, the lowest was RMB 7.83 per share, and the total transaction amount was RMB 9,783,451 (excluding transaction fees).

The funds for this repurchase came from the company’s own funds, and the purchase price did not exceed the price limit set in the plan. This repurchase complies with relevant laws, regulations, and the company’s established share repurchase plan.

2. Other Explanations

The timing, number of shares, purchase price, and entrusted period for the company’s first share repurchase comply with the relevant provisions of the “Rules for Share Repurchase by Listed Companies” and the “Guidelines for Self-Regulation of Listed Companies No. 9—Share Repurchase.” Specifically:

(1) The company did not repurchase shares during the following periods:

1. From the date of occurrence of major events that could significantly impact the trading price of the company’s securities and derivatives, or during the decision-making process until the information is legally disclosed;

2. Other circumstances stipulated by the China Securities Regulatory Commission and the Shenzhen Stock Exchange.

(2) The company’s share repurchase via centralized bidding meets the following requirements:

1. The entrusted price must not be the price limit of the company’s stock trading on that day;

2. The company shall not entrust share repurchase orders during the opening and closing auction periods of the Shenzhen Stock Exchange or on trading days without price fluctuation limits;

3. Other requirements stipulated by the China Securities Regulatory Commission and the Shenzhen Stock Exchange.

The company will continue to implement this share repurchase plan according to market conditions within the repurchase period and will fulfill its information disclosure obligations in a timely manner according to relevant regulations. Investors are advised to pay attention to investment risks.

This announcement is hereby made.

Board of Directors of Zhongshun Jierou Paper Co., Ltd.

March 23, 2026