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 June 30, 2025, our disclosure controls and procedures were effective as of June 30, 2025.

Changes in Internal Control Over Financial Reporting

As of December 31, 2024, Management concluded that a material weakness in internal controls over financial reporting existed. Specifically, Management reported that the Company did not maintain the risk assessment and control activities components of the COSO framework regarding the effective documentation and evaluation of revenue contracts and the related revenue recognition accounting conclusions when entering into significant revenue contracts with customers. Since that time and during the first two quarters of 2025, the Company has implemented processes and procedures to incorporate risk assessment and evaluation of new customer contracts and modifications to existing contracts, to determine the appropriate accounting treatment of the components of revenue recognition and their impact on our financial statements.

The enhanced controls include defining and identifying risk thresholds, review of revenue transactions and contractual terms and obligations included in new or modified contracts with customers. The controls also include the review of such transactions and the evaluation of the appropriate accounting treatment under the guidance of ASC 606 (Revenue from Contracts with Customers). The revenue recognition assessment and conclusion of proper accounting treatment is documented, reviewed and approved by senior members of the Company’s accounting staff, including the

Company’s CFO. Management believes that the enhanced review and approval process provides evidence of oversight and accountability in the process.

Other than the remediation efforts described above, there have been no changes during the second quarter of 2025 or subsequent to June 30, 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.