002358SZSE

Senyuan Electric Announcement on Estimated Annual Connected Transactions for 2026

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Senyuan Electric announces its estimated connected transactions with Gaoshen Porcelain for 2026, totaling RMB 32 million. This is for purchasing raw materials and receiving labor services, and selling goods. The company states these transactions are necessary for production and operations, will be priced at market rates, and will not harm company independence or shareholder interests.

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Securities Code: 002358 Securities Abbreviation: Senyuan Electric Announcement Number: 2026-007 Announcement on Estimated Annual Connected Transactions for 2026

The Company and the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or material omissions.

I. Basic Situation of Connected Transactions

(I) Overview of Connected Transactions

Due to production and operational needs, Henan Senyuan Electric Co., Ltd. (hereinafter referred to as the "Company") plans to conduct connected transactions with Henan Senyuan Group Gaoshen Porcelain Co., Ltd. (hereinafter referred to as "Gaoshen Porcelain") in 2026. The estimated total amount will not exceed RMB 32 million. The actual total amount of connected transactions with Gaoshen Porcelain in 2025 was RMB 14.9832 million.

On April 28, 2026, the Ninth Meeting of the Eighth Board of Directors of the Company deliberated and passed the "Proposal on Estimated Annual Connected Transactions for 2026". Mr. Liu Yibin, as a connected director, recused himself from voting. The Company's independent directors issued their opinions on the matter at a dedicated meeting.

According to the "Shenzhen Stock Exchange Stock Listing Rules" and the "Company Articles of Association", based on the upper limit of the estimated amount, the total estimated amount of this connected transaction does not exceed 5% of the net assets audited in the most recent period. Therefore, this connected transaction falls within the scope of the Board of Directors' authority and does not require submission to the Company's shareholders' meeting for deliberation.

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Senyuan Electric Announcement on Estimated Annual Connected Transactions for 2026 — Senyuan Electric Co., Ltd. | SZSE Releases