Shanghai Yao Pi Glass Group Co., Ltd. Announcement on the Progress of Redeeming Maturity of Idle Raised Funds Cash Management

Stock Code: 600819 /900918 Stock Short Name: Yaopi Glass / Yaopi B Shares Announcement No.: 2026-016

Shanghai Yaopi Glass Group Co., Ltd.

Progress Announcement on the Redemption Upon Maturity of Cash Management of Idle Proceeds Raised

The board of directors of the Company and all directors hereby warrant that the contents of this announcement contain no false records, misleading statements, or material omissions, and assume legal responsibility for the truthfulness, accuracy, and completeness of its contents.

Key Points:

● Cash management maturity redemption details:

Shanghai Yaopi Glass Group Co., Ltd. (hereinafter referred to as the “Company”) matured and redeemed the principal of RMB 280 million from its cash management products on March 24, 2026; the redeemed profit amounted to RMB 651,155.56.

● Cash management type: Structured deposits

● Cash management amount: RMB 280 million

● Approved deliberation procedures completed:

On January 26, 2026, the Company convened the 15th meeting of the 11th session of the board of directors, and deliberated and approved the proposal titled “Proposal on Using Part of Temporarily Idle Proceeds Raised for Cash Management.”

● Special Risk Warning:

The structured deposits purchased by the Company in this transaction belong to a principal-guaranteed and floating-return type product; however, the financial market is significantly affected by macroeconomic conditions, and the Company cannot rule out that the expected return of this investment may be affected by market fluctuations. Investors are kindly requested to pay attention to investment risks.

I. Basic Information on Cash Management Using Idle Proceeds Raised

On January 26, 2026, the Company convened the 15th meeting of the 11th session of the board of directors and deliberated and approved the proposal titled “Proposal on Using Part of Temporarily Idle Proceeds Raised for Cash Management.” The Company agreed to use part of temporarily idle proceeds raised for cash management, with a maximum limit not exceeding RMB 280 million. The investment products have high investment safety, good liquidity, and the investment term of a single product does not exceed 12 months. The validity period shall be no more than 12 months, effective within 12 months from the date the board of directors approves this matter. For details, please refer to the “Shanghai Yaopi Glass Group Co., Ltd. Announcement on Using Part of Idle Proceeds Raised for Cash Management” dated January 27, 2026 (Announcement No.: 2026-012).

On February 2, 2026, the Company used RMB 280 million of part of temporarily idle proceeds raised to purchase a structured deposit from China Everbright Bank Co., Ltd., as detailed in the “Progress Announcement on Using Idle Proceeds Raised for Cash Management” disclosed by the Company on February 3, 2026 (Announcement No.: 2026-014).

II. Details of Redemption Upon Maturity:

On February 2, 2025, the Company and China Everbright Bank Co., Ltd. Shanghai Branch signed a corporate structured deposit contract. The deposit matured and was redeemed on March 24, 2026. The Company recovered the principal of RMB 280 million and earned a return of RMB 651,155.56. Specific details are as follows:

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The Company’s use of part of temporarily idle proceeds raised for cash management does not involve any funds that have not been redeemed upon maturity.

As of the date of disclosure of this announcement, the Company has fully redeemed all temporarily idle proceeds raised used for cash management.

III. Impact on the Company

The Company’s use of part of temporarily idle proceeds raised for cash management is carried out in accordance with applicable national laws and regulations, ensuring that it does not affect the progress of the Company’s investment of the proceeds raised, and effectively controlling investment risks. This will not affect the Company’s daily operations and the normal implementation of investment projects for the proceeds raised. There is no situation that harms the interests of the Company or its shareholders, and there is no situation of indirectly changing the purpose of the proceeds raised. By appropriately and timely managing the cash of part of temporarily idle proceeds raised, the efficiency of use of proceeds raised can be improved, and the return on the Company’s cash assets can be increased, thereby securing more investment returns for the Company’s shareholders.

This announcement is hereby issued.

Shanghai Yaopi Glass Group Co., Ltd.

March 25, 2026

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