Announcement on Abnormal Stock Trading Fluctuations

Guangdong Shunna Electric Co., Ltd.

Announcement on Abnormal Stock Trading Fluctuations

The Company and all members of its Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and are free from any false representations, misleading statements, or material omissions.

Key Information Highlights:

1. Guangdong Shunna Electric Co., Ltd. (hereinafter referred to as the "Company," stock name: Shunna Shares, stock code: 000533) experienced abnormal stock trading fluctuations, with its cumulative closing price deviation reaching 21.41% over two consecutive trading days (July 27, 2026, and July 28, 2026), in accordance with the relevant regulations of the Shenzhen Stock Exchange.

2. The computing power and data center business accounted for a relatively low proportion of the Company's overall operating revenue in 2024, 2025, and the first half of 2026, and has not yet had a significant impact on the Company's performance. Future business expansion in this area will still face challenges such as intensified market competition, fluctuating customer demand, and rapid technological iteration, leading to significant uncertainty regarding the ability to achieve scaled growth and its actual contribution to the Company's performance. We remind investors to fully understand market risks, make prudent decisions, and invest rationally.

3. Recent market attention has focused on the increase in orders from Schneider Electric Southeast Asia (Headquarters) Co., Ltd. (hereinafter referred to as "Schneider Electric"). The Company's controlled subsidiary, ShunTe Electric Equipment Co., Ltd. (hereinafter referred to as "ShunTe Equipment"), is only an investee company of Schneider Electric. Both parties operate independently and account for their finances separately. ShunTe Equipment's operating revenue primarily comes from projects it undertakes independently. Therefore, Schneider Electric's performance and demand are not necessarily related to the Company. We kindly remind investors to be aware of investment risks.

4. The Company's largest shareholder and controlling shareholder, Guangzhou Huifu Boyan Investment Partnership (Limited Partnership) (hereinafter referred to as "Huifu Boyan"), had 120,000,000 shares held by it judicially auctioned, representing 100% of its holdings and 17.37% of the Company's total share capital. The aforementioned shares were auctioned on the judicial auction online platform of Taobao.com from 10:00 on June 16, 2026, to 10:00 on June 17, 2026. Due to no bids within the stipulated period, the first auction failed. As of now, the second auction for the shares held by Huifu Boyan has not yet commenced. The Company's largest shareholder and controlling shareholder remains Huifu Boyan.

5. In 2025, the Company achieved operating revenue of 2.239 billion yuan, a year-on-year decrease of 7.46%, and net profit attributable to shareholders of the listed company was 101.9494 million yuan, a year-on-year increase of 8.40%. Overseas business revenue accounted for 14.93% of operating revenue. Revenue from nuclear power and energy storage businesses accounted for a relatively low proportion of operating revenue. In the first quarter of 2026, rising raw material prices led to a synchronous increase in operating costs, and exchange rate losses increased financial expenses. Therefore, operating revenue in the first quarter of 2026 was 492 million yuan, a year-on-year increase of 1.13%, and net profit attributable to shareholders of the listed company was 16.914 million yuan, a year-on-year decrease of 13.28%. We remind investors to invest rationally and be aware of investment risks.