Baolu-te-KY's Subsidiary Completes Land Use Rights Acquisition in Zhejiang Province

1. Name and nature of the subject property (location): Xindeng plot, Fuyang City, Zhejiang Province

2. Date of occurrence: June 27, 2026 (ROC Year 115)

3. Board approval date: May 13, 2026 (ROC Year 115)

4. Other approval dates: Not applicable

5. Transaction quantity (e.g., square meters), unit price, and total transaction amount: - Transaction quantity: Approximately 33,334 square meters - Total transaction amount: RMB 16.17 million

6. Counterparty and its relationship with the company: - Counterparty: Fuyang Branch of Hangzhou Planning and Natural Resources Bureau, Zhejiang Province - Relationship with the company: None

7. If the counterparty is a related party, reason for selection, previous owner, relationship between previous owner and the company/counterparty, transfer date, and amount: Not applicable

8. If the asset was previously owned by a related party of the company within the last five years, disclose acquisition/disposal date, price, and relationship at the time: Not applicable

9. Estimated gain (or loss) on disposal (not applicable for asset acquisition; deferred gains should be detailed): Not applicable

10. Delivery or payment terms (including payment schedule and amounts), contractual restrictions, and other important agreements: As stipulated in the contract

11. Decision method for the transaction (e.g., tender, bidding, negotiation), reference basis for price determination, and decision-making body: (1) Decision method: Public bidding as announced by local government (2) Price reference basis: Government-announced bidding price (3) Decision-making body: Board of Directors

12. Name of professional appraisal firm or company and appraisal amount: Not applicable, as the acquisition was through public government bidding

13. Name of professional appraiser: Not applicable

14. License number of the professional appraiser: Not applicable

15. Whether the appraisal report indicates a limited, specific, or special price: No or not applicable

16. Whether an appraisal report has not yet been obtained: No or not applicable

17. Reason for not obtaining the appraisal report: Not applicable

18. Reasons for significant discrepancies in appraisal results and auditor's opinion: Not applicable

19. Name of auditing firm: Not applicable

20. Name of auditor: Not applicable

21. Auditor's license number: Not applicable

22. Broker and brokerage fees: Not applicable

23. Specific purpose or use of the acquisition or disposal: For operational needs

24. Dissenting opinions from directors regarding the transaction: None

25. Whether this is a related-party transaction: No

26. Date of supervisor approval or audit committee consent: May 13, 2026 (ROC Year 115)

27. Whether the transaction involves acquiring real estate or right-of-use assets from a related party: No

28. Valuation price under Article 16 of the 'Asset Acquisition and Disposal Rules for Publicly Issued Companies': Not applicable

29. Valuation price under Article 17 if the price under the previous item is lower than the transaction price: Not applicable

30. Previous date of material information disclosure regarding the same event: May 13, 2026 (ROC Year 115)

31. Other explanatory matters: None