Parex-KY Board Approves Termination of IPO Plan for Jiangsu Bairo Composite Materials Technology Co., Ltd.

1. Date of Event: June 18, 2026

2. Company Name: Parex Enterprise Co., Ltd.

3. Relationship with Company (Please specify '本公司' or 'Subsidiary'):本公司 (Parent Company)

4. Cross-shareholding Ratio: Not applicable

5. Reason for Occurrence: On October 28, 2021, the company passed a resolution at an extraordinary shareholders' meeting to proceed with the initial public offering (IPO) of Renminbi ordinary shares and apply for listing on an overseas securities exchange for its indirectly held subsidiary, Jiangsu Bairo Composite Materials Technology Co., Ltd. (formerly known as Wuxi Bairo Weaving Co., Ltd., renamed in April 2022).

6. Countermeasures: Due to current global economic conditions and changes in the capital markets of mainland China, the company has decided to apply to the relevant authorities in mainland China to withdraw the IPO counseling registration and terminate the listing application plan on mainland China's securities market.

7. Other Matters to be Disclosed (If the subject of the event or resolution is a publicly listed company or above, this major information also qualifies as a matter under Article 7, Paragraph 9 of the Enforcement Rules of the Securities and Exchange Act that significantly affects shareholders' rights or securities prices): None