Announcement Regarding the Implementation of Share Acquisition Plan by Subsidiary Xiamen Canxin Industrial Co., Ltd.

Release Date: June 26, 2026 Statement Date: June 25, 2026 Statement Time: 17:53:26 Company Code: 4930 Company Name: Canshin Network

Subject: Announcement on behalf of subsidiary Xiamen Canxin Industrial Co., Ltd. regarding the controlling shareholder's fulfillment of commitment and initiation of share acquisition plan.

Applicable Clause: Clause 51 Event Date: June 25, 2026

Details:

1. Event Date: 06/25/2026 2. Company Name: Xiamen Canxin Industrial Co., Ltd. 3. Relationship with Company (enter '本公司' or 'Subsidiary'): Subsidiary 4. Cross-shareholding Ratio: 42.90% 5. Reason for Occurrence: According to the 'Announcement on the Controlling Shareholder's Intended Share Acquisition' (Announcement No.: 2012-093) approved by the Board of Directors of Xiamen Canxin Industrial Co., Ltd. and published on the Shenzhen Stock Exchange on December 31, 2012, Qiaomin Investment Co., Ltd. committed to initiate a share acquisition plan on the next trading day following any trading day when the closing price of the company's stock falls below HKD 2.40 per share. 6. Response Measures: Within six months from the initial announcement of the acquisition plan, cumulative share purchases will be no less than 0.10% and no more than 0.20% of the company's total issued shares. If the closing price remains below HKD 2.40 per share on a given trading day, a second share acquisition plan will be initiated on the next trading day. Furthermore, within twelve months from the initial announcement, cumulative acquisitions will not exceed 2% of the company's total issued shares. 7. Other Matters to be Disclosed: None.