001387SZSE

Announcement on Progress of Joint Investment with Professional Investment Institutions

Xueqi Electric Co., Ltd.··2 pages

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Hefei Xueqi Electric Co., Ltd. announces the completion of the filing of the Shanghai Lvjixing Jixian Chuangxin Private Equity Investment Fund Partnership (Limited Partnership) with a total fund size of RMB 181.8 million. The company has signed the partnership agreement and contributed RMB 20 million, representing 11.0010% of the total capital. The investment is not expected to significantly impact the company's current financial performance.

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Securities Code: 001387 Securities Abbreviation: Xueqi Electric Announcement Number: 2026-032 Hefei Xueqi Electric Co., Ltd. Announcement on Progress of Joint Investment with Professional Investment Institutions

The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.

I. Overview of Joint Investment with Professional Investment Institutions

To achieve the company's development strategy, enhance its sustainable development level, leverage the resources and capabilities of professional investment institutions, seize opportunities in related industry development, and continuously enhance the company's market competitiveness, Hefei Xueqi Electric Co., Ltd. (hereinafter referred to as "the Company") has, with its own funds of RMB 20 million, jointly invested with professional investment institution Lvjixing (Shanghai) Private Equity Fund Management Co., Ltd. in Shanghai Lvjixing Jixian Chuangxin Private Equity Investment Fund Partnership (Limited Partnership) (hereinafter referred to as "the Fund"). The Fund is primarily engaged in equity investment, equity-related investment, and other investments permitted by laws and regulations. This matter has been reviewed and approved by the Ninth Meeting of the Second Board of Directors and disclosed on the Juchao Information Network (www.cninfo.com.cn) on April 28, 2026. For details, please refer to the "Announcement on Joint Investment with Professional Investment Institutions" (Announcement Number: 2026-014).

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