Securities Code: 002438 Securities Abbreviation: Jiangsu Shentong Announcement No.: 2026-009 Jiangsu Shentong Valve Co., Ltd. Announcement on Applying for a Comprehensive Credit Limit of Not Exceeding RMB 26.21 Billion from Financial Institutions The Company and the Board of Directors guarantee the authenticity, accuracy, and completeness of the information disclosed in this announcement and assume legal responsibility for any false records, misleading statements, or significant omissions therein. Jiangsu Shentong Valve Co., Ltd. (hereinafter referred to as the "Company") held the fourth meeting of the seventh Board of Directors on April 11, 2026, and deliberated and approved the "Proposal on Applying for a Comprehensive Credit Limit of Not Exceeding RMB 26.21 Billion from Financial Institutions." To meet the Company's operational development needs, the Company plans to apply for comprehensive credit services from financial institutions. The specific credit limit is as follows:
| No. | Name of Creditor Bank | Credit Limit (RMB 10,000) | Credit Term | Credit Type | Credit Guarantee Method |
|---|---|---|---|---|---|
| 1 | Bank of China Co., Ltd. Qidong Branch | 22,000 | 12 months | Comprehensive Credit | Credit |
| 2 | China Export & Import Bank Jiangsu Branch | 30,000 | 12 months | Comprehensive Credit | Credit |
| 3 | Agricultural Bank of China Co., Ltd. Qidong City Branch | 20,000 | 12 months | Comprehensive Credit | Credit |
| 4 | China Merchants Bank Co., Ltd. Nantong Branch | 20,000 | 12 months | Comprehensive Credit | Credit |
| 5 | China Construction Bank Co., Ltd. Qidong Branch | 9,000 | 12 months | Comprehensive Credit | Credit |
| 6 | Shanghai Pudong Development Bank Nantong Qidong Branch | 7,000 | 12 months | Comprehensive Credit | Credit |
| 7 | Bank of Nanjing Co., Ltd. Qidong Branch | 10,000 | 12 months | Comprehensive Credit | Credit |
| 8 | Industrial Bank Co., Ltd. Qidong Branch | 5,000 | 12 months | Comprehensive Credit | Credit |
| 9 | China Everbright Bank Co., Ltd. Nantong Branch | 9,800 | 12 months | Comprehensive Credit | Credit |
| 10 | Evergrowing Bank Co., Ltd. Nantong Branch | 10,000 | 12 months | Comprehensive Credit | Credit |
| 11 | China Minsheng Bank Co., Ltd. Qidong Branch | 10,000 | 12 months | Comprehensive Credit | Credit |
| 12 | Bank of Jiangsu Co., Ltd. Qidong Branch | 20,000 | 12 months | Comprehensive Credit | Credit |
| 13 | China Guangfa Bank Co., Ltd. Qidong Branch | 10,000 | 12 months | Comprehensive Credit | Credit |
| 14 | China Zheshang Bank Co., Ltd. Nantong Branch | 10,000 | 12 months | Comprehensive Credit | Credit |
| 15 | Industrial and Commercial Bank of China Co., Ltd. Qidong Branch | 9,500 | 12 months | Comprehensive Credit | Credit |
| 16 | Jiangsu Qidong Rural Commercial Bank Co., Ltd. Haiyan Branch | 9,800 | 12 months | Comprehensive Credit | Credit |
| 17 | Bank of Communications Co., Ltd. Nantong Branch | 5,000 | 12 months | Comprehensive Credit | Credit |
| 18 | Hua Xia Bank Co., Ltd. Jianhu Branch | 5,000 | 12 months | Comprehensive Credit | Credit |
| 19 | Ping An Bank Nantong Branch | 10,000 | 12 months | Comprehensive Credit | Credit |
| 20 | Postal Savings Bank of China Co., Ltd. Qidong City Branch | 30,000 | 12 months | Comprehensive Credit | Credit |
| Total | 262,100 | ||||
| The final credit limit shall be subject to the credit limit actually approved by each financial institution. The scope includes, but is not limited to, short-term loans, bank acceptance bills, trade finance, guarantees, and treasury services. The above credit limit is not equivalent to the Company's financing amount. The specific financing amount will be determined based on the Company's actual working capital needs. The credit limit can be used cyclically within the credit period. | |||||
| Concurrently, to facilitate the handling of comprehensive credit matters with the aforementioned financial institutions, the Board of Directors hereby authorizes Mr. Wu Jianxin, Director and President of the Company, to sign relevant documents within the scope of the aforementioned credit limit on behalf of the Company. The authorization period shall remain valid until the completion of this matter, and the authorized person shall faithfully perform their duties. | |||||
| In accordance with the "Company Articles of Association" and other relevant regulations, the application for this comprehensive credit limit falls within the scope of approval by the Board of Directors and does not require submission to the shareholders' meeting for deliberation. | |||||
| Hereby announced. | |||||
| Jiangsu Shentong Valve Co., Ltd. Board of Directors | |||||
| April 14, 2026 |