We theoretically investigated optomechanically induced transparency (OMIT) and slow light in a microcavity optomechanical system containing three nanoparticles, where the pump-probe field drives the cavity and a weak phonon pump drives the mechanical resonator. When the phonon pump frequency matches the pump-probe field frequency difference, adjusting the phonon pump's amplitude and phase can result in the transparency window exceeding unity. Tuning the relative positions of nanoparticles can periodically steer the system to exceptional points (EPs), further enhancing and modulating the transparency window. Furthermore, the phonon pump causes the phase dispersion at the transparency window to become highly steep, resulting in a large value and tunable group delay. Notably, when the system is at EPs, the slow light can be enhanced by approximately two times compared to when the system is not at EPs. Our research demonstrates a way to control optical transmission with potential applications in quantum communications and optical buffers.