Shenzhen Prince New Materials Co., Ltd. Daily Announcement Series

Stock Code: 002735 Stock Short Name: Prince New Materials Announcement No.: 2026-021

Shenzhen Prince New Materials Co., Ltd.

Progress Announcement on the Cancellation of a Subsidiary

The Company and all members of the Board of Directors warrant that the information disclosed is true, accurate, and complete, and there are no false records, misleading statements, or material omissions.

I. Overview of the Cancellation Matters

Shenzhen Prince New Materials Co., Ltd. (hereinafter referred to as the “Company”) convened the 21st meeting of the fifth session of the Board of Directors on August 29, 2024, which reviewed and approved the proposal on the intended liquidation and cancellation of a subsidiary. In accordance with the Company’s strategic positioning and actual operating needs, considering the overall business policy and the development plan for the packaging board segment, and after careful consideration with a view to further optimizing the management structure, reducing management costs, and improving operating efficiency, the Company agreed to terminate the operation of its controlling subsidiaries Yantai BaaCheng Packaging Technology Co., Ltd. (hereinafter referred to as “Yantai BaaCheng”), Chongqing Yijiang Packaging Technology Co., Ltd. (hereinafter referred to as “Chongqing Yijiang”), Qingdao Fuyida Packaging Technology Co., Ltd. (hereinafter referred to as “Qingdao Fuyida”), and Changsha Prince New Materials Co., Ltd. (hereinafter referred to as “Changsha Prince”), and to dissolve and liquidate them in accordance with the law, while authorizing the Company’s management to handle the relevant liquidation and cancellation matters in accordance with the law. For details, please refer to the Company’s announcement on the intended liquidation and cancellation of a subsidiary published on August 31, 2024 in the designated information disclosure media and on the website of Juchao Information (www.cninfo.com.cn) (Announcement No.: 2024-054).

II. Progress of the Cancellation Matters

1. The Company has successively received relevant materials such as the registration notification letters issued by the Chongqing Municipal Bishan District Market Supervision and Administration Bureau, the Shandong Provincial Market Supervision and Administration Bureau, and the Changsha County Market Supervision and Administration Bureau. Chongqing Yijiang, Yantai BaaCheng, and Changsha Prince have completed the deregistration registration procedures in accordance with the relevant procedures.

2. On January 27, 2026 and February 12, 2026, respectively, the Company convened the sixth meeting of the sixth session of the Board of Directors and the first extraordinary general meeting of shareholders in 2026, which reviewed and approved the proposal on capital reduction to exit the controlling subsidiary, an associated transaction, and the addition of estimated daily related-party transactions. In line with the Company’s strategic development plan, after careful negotiation with the shareholders of Chongqing Fuyida Technology Co., Ltd. (hereinafter referred to as “Chongqing Fuyida”), the Company agreed to exit its 51% equity interest in Chongqing Fuyida held by the Company through a targeted capital reduction method at a capital reduction consideration of RMB 84.6571 million (hereinafter referred to as the “Capital Reduction”). After completion of the Capital Reduction, the Company will no longer hold any equity interest in Chongqing Fuyida, and the registered capital of Chongqing Fuyida will be reduced from RMB 18.0818 million to RMB 8.8601 million. Recently, Chongqing Fuyida has completed the relevant industrial and commercial change registration procedures and obtained a business license issued by the Chongqing Municipal Bishan District Market Supervision and Administration Bureau. For details, please refer to the Company’s announcement on the progress of capital reduction to exit the controlling subsidiary and the associated transaction published on April 3, 2026 in the designated information disclosure media and on the website of Juchao Information (www.cninfo.com.cn) (Announcement No.: 2026-020).

After the completion of the aforementioned industrial and commercial change registration, the Company will no longer hold the equity interest in Qingdao Fuyida, a wholly-owned subsidiary of Chongqing Fuyida; Qingdao Fuyida will no longer be included within the scope of the Company’s consolidated financial statements.

III. Impact on the Company

The relevant matters regarding the cancellation of this subsidiary are beneficial for optimizing the Company’s resource allocation and asset structure, reducing resource waste, and lowering management costs, thereby focusing on its core businesses and improving operating efficiency. The cancellation and exit of the relevant subsidiaries will not have a material impact on the Company’s financial position and operating results, nor will it harm the interests of the Company and its shareholders, especially the interests of small and medium shareholders.

IV. Documents for Reference

1. Relevant materials such as the registration notification letter(s).

Announcement is hereby given.

Board of Directors of Shenzhen Prince New Materials Co., Ltd.

April 3, 2026

Stock Code: 002735 Stock Short Name: Prince New Materials Announcement No.: 2026-020

Shenzhen Prince New Materials Co., Ltd.

Progress Announcement on Capital Reduction to Exit a Controlling Subsidiary

and the Associated Transaction

The Company and all members of the Board of Directors warrant that the information disclosed is true, accurate, and complete, and there are no false records, misleading statements, or material omissions.

Shenzhen Prince New Materials Co., Ltd. (hereinafter referred to as the “Company”) convened the sixth meeting of the sixth session of the Board of Directors and the first extraordinary general meeting of shareholders in 2026 on January 27, 2026 and February 12, 2026, respectively, which reviewed and approved the proposal on capital reduction to exit the controlling subsidiary, an associated transaction, and the addition of estimated daily related-party transactions. In line with the Company’s strategic development plan, after negotiation with the shareholders of Chongqing Fuyida Technology Co., Ltd. (hereinafter referred to as “Chongqing Fuyida”), the Company agreed to exit the Company’s holding of 51% equity interest in Chongqing Fuyida through a targeted capital reduction method at a capital reduction consideration of RMB 84.6571 million (hereinafter referred to as the “Capital Reduction”). Prior to this Capital Reduction, the registered capital of Chongqing Fuyida was RMB 18.0818 million. Of this, the Company subscribed to registered capital of RMB 9.2217 million (corresponding to approximately 51% equity interest in Chongqing Fuyida). After completion of this Capital Reduction, the Company will no longer hold equity interest in Chongqing Fuyida, and the registered capital of Chongqing Fuyida will be reduced from RMB 18.0818 million to RMB 8.8601 million. For details, please refer to the Company’s announcement published on January 28, 2026 in the designated information disclosure media and on the website of Juchao Information (www.cninfo.com.cn) (Announcement No.: 2026-006).

Recently, Chongqing Fuyida has completed the relevant industrial and commercial change registration procedures and obtained a business license issued by the Chongqing Municipal Bishan District Market Supervision and Administration Bureau. After completion of the aforementioned industrial and commercial change registration, the Company will no longer hold equity interests in Chongqing Fuyida and its subsidiaries; Chongqing Fuyida and its subsidiaries will no longer be subsidiaries within the scope of the Company’s consolidated financial statements.

Announcement is hereby given.

Board of Directors of Shenzhen Prince New Materials Co., Ltd.

April 3, 2026