RETRACTABLE TECHNOLOGIES INC

Disclosure Controls and Procedures

Pursuant to Rule 13a-15(b) of the Securities Exchange Act of 1934, Management, with the participation of our President, Chairman, and Chief Executive Officer, Thomas J. Shaw (the “CEO”), and our Vice President and Chief Financial Officer, John W. Fort III (the “CFO”), acting in their capacities as our principal executive and principal financial officers, evaluated the effectiveness of our disclosure controls and procedures, as defined in Rule 13a-15(e) under the Securities Exchange Act of 1934. The term disclosure controls and procedures means controls and other procedures that are designed to ensure that information required to be disclosed by us in our periodic reports is: i) recorded, processed, summarized, and reported, within the time periods specified in the Securities and Exchange Commission’s rules and forms; and ii) accumulated and communicated to our Management, including our principal executive and principal financial officers, as appropriate to allow timely decisions regarding required disclosure. Based upon this evaluation, the CEO and CFO concluded that, as of March 31, 2025, our disclosure controls and procedures were not effective as of March 31, 2025.

A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting such that there is a reasonable possibility that a material misstatement of our annual or interim financial statements will not be prevented or detected on a timely basis.

As of December 31, 2024, Management identified the following material weaknesses in internal controls as:

Management has determined that the foregoing weaknesses in internal controls have not been sufficiently remedied. We are unable, at this time, to estimate how long it will take to compete the remediation of our material weaknesses, and our efforts may not be successful.

In light of the material weaknesses in internal control over financial reporting, Management intends to further enhance our review and analysis of contractual modifications with our customers, utilizing senior members of our accounting team, including the CFO, to identify and properly classify revenue transactions and their impact on our financial statements. Management believes that such enhancements to our review and analysis procedures will prevent errors from occurring, or that potential errors will be discovered and remediated in a timely manner.

Changes in Internal Control Over Financial Reporting

Since material weaknesses were reported as of December 31, 2024, work has begun to improve our review and analysis of contractual modifications with customers to work towards identifying and properly classifying revenue transactions and their impact on our financial statements. As stated above, Management intends to engage in further enhanced reviews to fully remediate the continuing internal control weaknesses. Other than these steps to attempt to remediate the previously-reported weakness in internal control over financial reporting, there have been no other changes during the first quarter of 2025 or subsequent to March 31, 2025 in our internal control over financial reporting that have materially affected or are reasonably likely to materially affect our internal control over financial reporting.** **