Stock Code: 002353 Stock Abbreviation: Jere Corporation Announcement No.: 2026-027 Yantai Jere Oilfield Services Group Co., Ltd. Announcement on Carrying Out Asset Pool Business The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed herein, and there are no false records, misleading statements, or major omissions. Yantai Jere Oilfield Services Group Co., Ltd. (hereinafter referred to as the "Company") held the third meeting of the seventh Board of Directors on April 15, 2026, and reviewed and approved the "Proposal on Carrying Out Asset Pool Business." It was agreed that the Company and its consolidated subsidiaries would conduct asset pool business with financial institutions, with a credit line not exceeding RMB 1.5 billion. This matter falls within the Company's board of directors' approval authority and does not require submission to the Company's shareholders' meeting for deliberation. The details are as follows: I. Overview of Asset Pool Business
- Business Overview Asset pool business refers to a comprehensive financial service platform provided by a partner financial institution to meet the Company's unified management and coordinated use of its financial assets. It is the main channel for partner financial institutions to provide liquidity services to enterprises and is collectively referred to as the financial asset deposit, withdrawal, and pledge financing business and services conducted by partner financial institutions for the Company through the asset pool platform. Financial assets deposited into the asset pool include, but are not limited to, certificates of deposit, acceptance bills, letters of credit, wealth management products, and accounts receivable legally held by the Company and recognized by the partner financial institution. The Company and its consolidated subsidiaries can conduct financing business within their respective pledge quotas. If the self-owned pledge quota is insufficient, they can apply to use the pledge quota of other members within the asset pool. Upon maturity, pledged assets will be deposited into a margin account, which, together with the pledged assets, will form the pledge or guarantee quota. The quota can be used on a revolving basis, and the balance of the margin can be replaced with new assets. Upon inquiry, the Company and its consolidated subsidiaries are not listed as dishonest judgment debtors.
- Partner Financial Institutions The Company intends to select commercial banks or other financial institutions with good domestic creditworthiness as partner financial institutions for the asset pool business, based on the actual situation and specific cooperation conditions. The specific partner financial institutions will be finally determined by the Company's management, authorized by the Board of Directors, based on the Company's cooperative relationship with the financial institutions and the financial institutions' asset pool business service capabilities.
- Business Term The term for carrying out the aforementioned asset pool business shall be from the date of approval by the Board of Directors of this meeting until the Company's deliberation on the asset pool business in the following year.
- Implementation Quota Within the aforementioned business term, the Company and its consolidated subsidiaries