Announcement on the Investment and Construction of the Jinggong Composite Materials Intelligent Manufacturing Base Project by Wholly-Owned Subsidiary Jinggong (Wuhan) Composite Materials Co., Ltd.

Investment Project Overview

1. Project Overview
   According to the carbon fiber industry chain strategic layout and future business development plan of Zhejiang Jinggong Integrated Technology Co., Ltd. (hereinafter referred to as the "Company"), the Company intends to invest in the construction of the "Jinggong Composite Materials Intelligent Manufacturing Base Project" through its wholly-owned subsidiary Jinggong (Wuhan) Composite Materials Co., Ltd. (hereinafter referred to as "Jinggong Wuhan Composite") in the western area of Tengfei Road and southern area of Linkong North Road in Huangpi District, Wuhan City, Hubei Province. The estimated total investment for the project is 425.8479 million RMB (of which 250 million RMB will be funded by raised funds).

2. Review and Voting Situation
   On December 18, 2025, the Company held the 14th meeting of the 9th Board of Directors, which reviewed and approved the proposal on the investment and construction of the "Jinggong Composite Materials Intelligent Manufacturing Base Project" by Jinggong Wuhan Composite. The estimated total investment for the project is 425.8479 million RMB (of which 250 million RMB will be funded by raised funds). According to the relevant regulations of the "Shenzhen Stock Exchange Stock Listing Rules," "Self-Regulatory Guidelines No. 1 for Listed Companies on the Shenzhen Stock Exchange - Standard Operation of Main Board Listed Companies," and the Company's Articles of Association, this investment does not constitute a related party transaction and does not constitute a major asset reorganization as defined by the "Measures for the Administration of Major Asset Restructuring of Listed Companies," and is subject to the approval of the Company's shareholders' meeting.