Securities Code: 000530; 200530 Security Abbreviation: Bingshan Cold & Heat; Bingshan B Announcement No.: 202 5-023

Iceberg Cold & Heat Technology Co., Ltd.

2024 Announcement on the Implementation of the Annual Equity Distribution

Bingshan Cold & Heat Technology Co., Ltd. (the “Company”)’s 2024 annual profit distribution plan was approved at the Company’s 2024 Annual General Meeting held on May 22, 2025. Should the Company’s total share capital change prior to the implementation of the profit distribution, the distribution will be carried out on the basis that the total distribution amount remains unchanged. From the date of disclosure of the profit distribution plan to the date of its implementation, the Company’s total share capital has remained unchanged. The profit distribution plan being implemented this time is consistent with the distribution plan approved by the General Meeting. The period between the approval of the distribution plan by the General Meeting and its implementation does not exceed two months. The details of the profit distribution are hereby announced as follows:

I. Equity Distribution Plan

The Company’s 2024 annual equity distribution plan is as follows:

1. Based on the Company’s existing total share capital of 843,212,507 shares (including 601,712,507 A shares and 241,500,000 B shares), a cash dividend of RMB 0.50 per 10 shares will be distributed to all shareholders (inclusive of tax; after tax deduction, A-share QFII and RQFII investors, as well as individual investors and mutual funds holding restricted shares issued in the share reform or the initial public offering, will receive RMB 0.45 per 10 shares; for individual investors holding non-reform and non-IPO restricted shares and unrestricted tradable shares, the dividend tax will be levied at a differentiated rate: initially RMB 0.50 per 10 shares will be distributed, and following the record date, any additional tax due will be assessed based on the investor’s post‑record‑date share reductions and the actual holding period; with respect to mutual funds holding non-reform and non-IPO restricted shares and unrestricted tradable shares, the dividend tax applicable to Hong Kong investors’ fund holdings will be levied at 10%, while the portion attributable to mainland investors’ fund holdings will be subject to a differentiated tax rateª; for non‑resident enterprises other than QFII and RQFII, the Company will not withhold and remit income tax on their behalf; such tax shall be paid by the taxpayers at the place where the income is earned; for B‑share non‑resident enterprises, the post‑tax cash dividend will be RMB 0.45 per 10 shares, and the dividend tax for domestic (and overseas) individual shareholders will be levied at a differentiated rate: initially RMB 0.50 per 10 shares will be distributed, and following the record date, any additional tax due will be assessed based on the investor’s post‑record‑date share reductions and the actual holding period.).

[Note: In accordance with the first-in, first-out principle, the holding period is calculated on a per-investor securities account basis. For holdings held for 1 month or less (inclusive), an additional tax of RMB 0.1 shall be paid for every 10 shares; for holdings held for more than 1 month but no more than 1 year (inclusive), an additional tax of RMB 0.05 shall be paid for every 10 shares; for holdings held for more than 1 year, no additional tax is required.]

The cash dividends distributed to B-share shareholders will be converted into Hong Kong dollars at the central parity rate of RMB against HKD published by the People’s Bank of China on the first business day following the date of the resolution of the General Meeting of Shareholders (May 23, 2025), which is HKD:RMB = 1:0.9186, in accordance with the provisions of the Company’s Articles of Association. Any additional taxes that may be required to be withheld and remitted on behalf of individual B-share shareholders in the future shall be calculated based on the aforementioned exchange rate.

II. Record Date and Ex-Dividend/Ex-Right Date

The record date for the A-share equity distribution is July 10, 2025, and the ex-date for both rights and dividends is July 11, 2025.

The last trading day for B shares in this equity distribution is July 10, 2025; the ex-dividend and ex-rights date is July 11, 2025; and the record date is July 15, 2025.

III. Recipients of the Equity Distribution

The recipients of this distribution are: all A-share shareholders of the Company whose names appear on the register maintained by the Shenzhen Branch of China Securities Depository and Clearing Corporation Limited (hereinafter referred to as “ChinaClear Shenzhen”) as of the close of trading on the Shenzhen Stock Exchange on July 10, 2025; and all B-share shareholders of the Company whose names appear on the register maintained by ChinaClear Shenzhen as of the close of trading on the Shenzhen Stock Exchange on July 15, 2025 (with July 10, 2025 being the last trading day).

IV. Method of Distribution of Equity利益

The cash dividends for A-share holders entrusted by our company to the Shenzhen Branch of China Securities Depository and Clearing Corporation will be directly credited to their securities accounts via their custodian securities firms (or other custodial institutions) on July 11, 2025.

Cash dividends for B-share shareholders will be directly credited to their securities accounts or bank custody accounts via their respective custodian securities firms or custodian banks on July 15, 2025. If a B-share shareholder completes share transfer and custody procedures on July 15, 2025, the cash dividend will still be paid through the original custodian securities firm or custodian bank.

The cash dividends for the following A-share shareholders will be distributed by the Company itself:

During the application period for the equity distribution (application date: July 2, 2025, to record date: July 10, 2025), if the cash dividends entrusted to China Securities Depository & Clearing Corporation Shenzhen Branch for distribution are insufficient due to a reduction in the number of shares held in the shareholder’s securities account, our company shall bear all legal liabilities and consequences arising therefrom.

V. Other Matters for Clarification

If any B-share shareholders who are neither domestic individual shareholders nor non-resident enterprises have had income tax withheld on their dividend payments, please contact the Company on or before July 31, 2025, and provide the relevant supporting documentation for verification. Upon confirmation of the validity of such cases, the Company will assist in refunding the withheld tax.

VI. Consultation Procedures

Consultation Address: Securities Regulatory Department of This Company

Contact for inquiries: Du Yu

Consultation Phone: 0086-411-87968822

Fax: 0086-411-87968125

VII. Supporting Documents for Review

1. Resolutions of the Company’s 2024 Annual General Meeting.

2. The Shenzhen Branch of China Securities Depository and Clearing Corporation confirms the document outlining the specific schedule for the distribution of equity interests.

Hereby announced.

Board of Directors of BingShan Cold & Heat Technology Co., Ltd.

July 4, 2025