Shandong Huifa Food Co., Ltd. Shareholder's Reduction of Shares Result Announcement

Stock Code: 603536 Stock Abbreviation: Huifa Foods (Rights Protection) Announcement Number: 2026-009

Shandong Huifa Foods Co., Ltd.

Shareholder Reduction Announcement

The board of directors, all directors, and relevant shareholders of the company guarantee that this announcement does not contain any false records, misleading statements, or significant omissions, and bear legal responsibility for the authenticity, accuracy, and completeness of its contents.

Important Content Reminder:

● Basic Situation of Shareholding

Before the implementation of the reduction plan, Mr. Hu Xiping, a shareholder of Shandong Huifa Foods Co., Ltd. (hereinafter referred to as “the company” or “Huifa Foods”), held 16,294,971 shares of the company, accounting for 6.72% of the company’s total share capital. The aforementioned shares were inherited by Mr. Hu Xiping (shares obtained through inheritance are those held before the IPO and formed by capital reserve conversion into share capital), for details see the announcement titled “Announcement on Completion of Non-transaction Transfer of Shares by Huifa Foods” disclosed by the company on June 16, 2022 (Announcement Number: Lin 2022-055).

● Results of the Reduction Plan Implementation

On November 25, 2025, the company disclosed the “Announcement on Shareholder Reduction Plan” (Announcement Number: 2025-037). Mr. Hu Xiping planned to reduce his holdings of no more than 2,423,800 shares through centralized bidding within three months after 15 trading days from the date of announcement due to personal funding needs, accounting for 1.00% of the company’s total share capital and 14.87% of his total holdings; he also planned to reduce no more than 4,847,600 shares through block trades within the same time frame, accounting for 2.00% of the company’s total share capital and 29.75% of his total holdings.

As of the date of this announcement, the time period for this reduction plan has expired. Mr. Hu Xiping has cumulatively reduced 427,700 shares of the company through centralized bidding and 2,423,800 shares through block trades, totaling 2,851,500 shares, accounting for 1.17% of the company’s total share capital.

I. Basic Situation of the Reducing Subject Before Reduction

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There are concerted actions among the aforementioned reducing subjects:

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II. Implementation Results of the Reduction Plan

(1) The shareholder disclosed the implementation results of the reduction plan due to the following matters:

The disclosed reduction time period has expired

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(2) Did this reduction comply with relevant laws and regulations, and the regulations of the exchange? √Yes □No

(3) Is the actual reduction consistent with the previously disclosed reduction plan and commitments? √Yes □No

(4) Has the reduction time period expired, and was the reduction not implemented? □Not implemented √Implemented

(5) Has the actual reduction not reached the minimum reduction quantity (percentage) of the reduction plan? □Not reached √Reached

(6) Was the reduction plan terminated early? □Yes √No

(7) Is there any violation of the reduction plan or other commitments? □Yes √No

This announcement is hereby given.

Board of Directors of Shandong Huifa Foods Co., Ltd.

March 18, 2026

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