Progress Announcement on Stock Suspension and Risk Warning of the Company

The company and all members of the board guarantee that the information disclosed is true, accurate, and complete, without false records, misleading statements, or major omissions. Due to the inability to disclose the 2023 semi-annual report within the statutory deadline, the stock of Jingwei Textile Machinery Co., Ltd. (hereinafter referred to as "the Company") has been suspended since the market opened on September 1, 2023. Additionally, according to Article 9.7.4 of the Shenzhen Stock Exchange Listing Rules, due to the Company’s second extraordinary general meeting of shareholders in 2023 deliberating on the resolution to voluntarily terminate the listing of the Company’s stock, the stock will continue to be suspended from the next trading day after the equity registration date of the shareholder meeting (i.e., September 12, 2023, Tuesday). For details, please refer to the announcements disclosed by the Company on September 1 and September 12, 2023, on