Shanghai Phoenix Enterprise (Group) Co., Ltd. Announcement of Share Repurchase Notice to Creditors

Stock Code: 600679 900916 Stock Short Name: Shanghai Phoenix Phoenix B Shares Announcement No.: 2026-011

Shanghai Phoenix Enterprise (Group) Co., Ltd.

Announcement on Notifying Creditors of the Company’s Share Repurchase

The board of directors and all directors of the Company hereby guarantee that this announcement contains no false records, misleading statements or material omissions, and assume individual and joint liability for the truthfulness, accuracy and completeness of the contents.

I. Reasons for notifying creditors

Shanghai Phoenix Enterprise (Group) Co., Ltd. (hereinafter referred to as the “Company”) held its 2026 First Extraordinary General Meeting of Shareholders on April 2, 2026, at which it considered and approved the “Proposal on the Share Repurchase of the Company by Means of Centralized Competitive Trading.” Based on confidence in the Company’s future development, and in order to safeguard the interests of the broad base of investors, the Company will, in light of its own financial position and operating conditions, repurchase the Company’s shares using its own funds for cancellation and correspondingly reduce the Company’s registered capital, thereby increasing earnings per share, maintaining the Company’s value and improving shareholders’ investment returns. For details, please refer to the “Shanghai Phoenix Proposal on Repurchasing Shares by Means of Centralized Competitive Trading” issued by the Company (2026-005). After completion of this repurchase, the Company will apply to China Securities Depository and Clearing Co., Ltd. Shanghai Branch for cancellation of these shares.

II. Relevant information that creditors should be aware of

Pursuant to the provisions of the Company Law of the People’s Republic of China and other relevant laws and regulations, the Company hereby notifies creditors that within 45 days from the date of disclosure of this announcement, creditors have the right to request the Company to settle debts or to provide corresponding guarantees on the basis of valid debt claims documents and related supporting evidence. If creditors fail to file the above requests with the Company within the prescribed period, this will not affect the validity of their creditor claims. The relevant debts (obligations) shall continue to be performed by the Company in accordance with the provisions of the original debt claim documents. The cancellation of the repurchased shares will continue to be implemented in accordance with statutory procedures.

(I) Documents required for creditors to file their claims

Creditors of the Company may submit the original and photocopies of contracts, agreements and other evidence that prove the existence of the creditor-debtor relationship to the Company when filing their creditor claims.

If the creditor is a legal person, it must also submit the original and photocopies of the legal person business license and the legal representative’s identity documentation; if a person is entrusted to file the claim on its behalf, in addition to the foregoing documents, it must also submit the original and photocopies of the legal representative’s authorization letter and the authorized agent’s valid identity documentation.

If the creditor is a natural person, it must also submit the original and photocopies of valid identity documentation; if a person is entrusted to file the claim on its behalf, in addition to the foregoing documents, it must also submit the authorization letter and the original and photocopies of the authorized agent’s valid identity documentation.

(II) Specific methods for filing creditor claims

Creditors may file their claims by means such as in-person submission, mail, facsimile, or email. The specific methods are as follows:

Filing period: From April 3, 2026 to May 17, 2026, 8:30-11:30, 13:00-17:00 (excluding weekends and statutory holidays)

Filing address: No. 6, Building 518, Fuquan North Road, Changning District, Shanghai

Postal code: 200335

Contact person: Zhu Pengcheng

Telephone: 021-32795679

Fax number: 021-32795559

Email: zpc@phoenix.com.cn

Other:

(1) For claims filed by mail, the filing date shall be determined by the postmark date;

(2) For claims filed by fax or email, the filing date shall be determined by the date the Company receives the documents, and please indicate the words “Filing of creditor claims”.

This announcement is hereby issued.

Board of Directors of Shanghai Phoenix Enterprise (Group) Co., Ltd.

April 3, 2026

Stock Code: 600679 900916 Security Short Name: Shanghai Phoenix Phoenix B Shares Announcement No.: 2026-010

Shanghai Phoenix Enterprise (Group) Co., Ltd.

Resolution Announcement of the 2026 First Extraordinary General Meeting of Shareholders

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

Highlights:

● Whether any resolutions were vetoed at this meeting: None

I. Convening of the meeting and attendance

(I) Time of the general meeting: April 2, 2026

(II) Location of the general meeting: Conference Room, 4th Floor, Building 6, No. 518 Fuquan North Road, Shanghai

(III) Attendance of holders of ordinary shares and holders of preferred shares who have restored voting rights, and the number of shares held:

■

(IV) Whether the voting methods comply with the provisions of the Company Law and the Articles of Association, and the situation regarding the chairing of the meeting, etc.

This meeting was presided over by Mr. Hu Wei, the Company’s chairman. The meeting adopted both on-site voting and online voting methods, which complies with the relevant laws and regulations such as the Company Law, and the relevant provisions of the Company’s Articles of Association.

(V) Attendance of the Company’s directors and the secretary of the board of directors

1. The Company has 11 directors in office, with 5 present; Mr. Wang Guobao and Mr. Song Ning, and independent directors Mr. Yu Mingyang, Mr. Wang Gao, Ms. Yin Huifang and Mr. Fan Jian were unable to attend due to official duties;

2. Attendance of the secretary of the board of directors at this meeting; attendance of other senior executives.

II. Consideration of proposals

(I) Non-cumulative voting proposals

1.00 Proposal on the repurchase of the Company’s B shares by means of centralized competitive trading

1.01 Proposal name: Purpose of the share repurchase

Voting result: Approved

Voting situation:

■

1.02 Proposal name: Type of shares proposed to be repurchased

Voting result: Approved

Voting situation:

■

1.03 Proposal name: Method of the share repurchase

Voting result: Approved

Voting situation:

■

1.04 Proposal name: Implementation period for the share repurchase

Voting result: Approved

Voting situation:

■

1.05 Proposal name: Purposes, number of shares, proportion of the Company’s total share capital, and total funding amount for the share repurchase

Voting result: Approved

Voting situation:

■

1.06 Proposal name: Repurchase price or price range, and pricing principles

Voting result: Approved

Voting situation:

■

1.07 Proposal name: Source of funds for the share repurchase

Voting result: Approved

Voting situation:

■

1.08 Proposal name: Relevant arrangements for the legal cancellation of the repurchased shares after the repurchase

Voting result: Approved

Voting situation:

■

1.09 Proposal name: Relevant arrangements for preventing infringement of creditors’ interests by the Company

Voting result: Approved

Voting situation:

■

1.10 Proposal name: Specific authorization for handling matters relating to this share repurchase

Voting result: Approved

Voting situation:

■

(II) Matters involving major issues: voting situation of shareholders below 5%

■

(III) Explanations concerning the voting of the proposals

Items 1.01, 1.02, 1.03, 1.04, 1.05, 1.06, 1.07, 1.08, 1.09 and 1.10 were special resolutions and were approved by more than 2/3 of the total number of validly voted shares.

III. Legal counsel’s attestation

1. Law firm providing legal attestation for this general meeting: Shanghai United Law Firm

Lawyers: Wu Huixia, Zhang Qiyun

2. Legal counsel’s conclusion:

In the lawyers’ opinion, matters such as the procedures for convening and holding this general meeting by the Company, the qualifications of the convenor, the qualifications of the persons attending the meeting, the consideration of the proposals, the voting procedures of the meeting and the voting results comply with the relevant provisions of laws and regulations and regulatory documents including the Company Law and the Rules for Shareholders’ Meetings of Listed Companies, as well as the Company’s Articles of Association. The voting results of this general meeting are lawful and valid.

This announcement is hereby issued.

Board of Directors of Shanghai Phoenix Enterprise (Group) Co., Ltd.

April 3, 2026

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