Jinpu Titanium Industry Co., Ltd. (hereinafter referred to as "Jinpu Titanium" or "the Company") and all members of the board guarantee that the content of this announcement is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
1. Transaction Overview
Jinpu Titanium's wholly-owned subsidiary, Xuzhou Titanium White Chemical Co., Ltd. (hereinafter referred to as "Xuzhou Titanium"), intends to engage in a lease cooperation with Jiangsu Zhongyan Chuangxing Material Technology Co., Ltd. (hereinafter referred to as "Zhongyan Chuangxing") using its existing production line. The cooperation period is three years, during which profits will be shared based on a predetermined ratio if net profits are positive; if net profits are negative, Zhongyan Chuangxing will bear all costs and losses. Both parties will sign a "Lease Cooperation Agreement" (hereinafter referred to as "the Cooperation Agreement"). On March 10, 2026, the Company held the eighth meeting of the ninth board of directors, which approved the proposal for the signing of the lease cooperation agreement, authorizing the shareholders' meeting of Xuzhou Titanium to handle specific matters. This cooperation does not constitute a related party transaction. According to the relevant provisions of the "Measures for the Administration of Major Asset Restructuring of Listed Companies," this cooperation also does not constitute a major asset restructuring as defined by the measures.