Announcement on Company's Application for Credit Line from Bank

Securities Code: 002404 Securities Abbreviation: Jiaxin Silk Announcement No.: 2026-012 Announcement on Company's Application for Credit Line from Bank The Company and all members of the Board of Directors guarantee the authenticity, accuracy, and completeness of the information disclosed in this announcement and are jointly and severally liable for any false representations, misleading statements, or material omissions therein. Zhejiang Jiaxin Silk Co., Ltd. (hereinafter referred to as the "Company") held the fifteenth meeting of the ninth Board of Directors on March 27, 2026, and reviewed and approved the "Proposal on the Company's Application for Credit Line from Bank," the details of which are as follows: To meet the Company's production and operational needs, and after considering the Company's capital arrangements, the Company (including its subsidiaries included in the consolidated financial statements) intends to apply for a comprehensive credit line of no more than RMB 2.5 billion from banks. This will primarily include loans (including credit loans, mortgage loans, etc.), bank acceptance drafts, letters of credit, trade financing, and capital market products. The final credit line amount will be subject to the approval of the relevant banks. The specific financing amount will be determined based on the Company's actual operational needs. The credit line can be used cyclically within its validity period. The Board of Directors has authorized the Chairman or his designated authorized representative to fully represent the Company in signing all legal documents within the scope of the comprehensive credit line (including but not limited to applications, contracts, and agreements related to credit, mortgages, loans, and financing). The aforementioned authorization will be effective from the approval date of the Company's 2025 Annual General Meeting until the date of the 2026 Annual General Meeting when new resolutions are made. The aforementioned credit line exceeds the board of directors' approval authority for borrowing as stipulated in the "Articles of Association," and therefore, it needs to be submitted for shareholder approval. Hereby announced. Board of Directors of Zhejiang Jiaxin Silk Co., Ltd. March 31, 2026