Announcement Regarding Change in Shareholder Equity and Change in Controlling Shareholder and Actual Controller

Company Code: 002559

Company Abbreviation: Yawei Co., Ltd.

Announcement Number: 2026-047

Announcement Regarding Change in Shareholder Equity and Change in Controlling Shareholder and Actual Controller

The Company and the Board of Directors of the Company guarantee the truthfulness, accuracy, and completeness of the information disclosed in this announcement, and that there are no false records, misleading statements, or material omissions.

Special Notice:

1. The method of change in equity is that Jiangsu Yawei Machine Tool Co., Ltd. (hereinafter referred to as "the Company," "the Listed Company," or "Yawei Co., Ltd.") will issue A shares to a specific target (hereinafter referred to as "this issuance"). Yangzhou Industrial Investment Development Group Co., Ltd. (hereinafter referred to as "Yangzhou Chanfa Group" or "the Subscriber") will subscribe for 92,098,593 shares of the Company in cash, accounting for 14.35% of the Company's shares after the issuance.

2. This change in equity will result in a change of the Company's controlling shareholder and actual controller. After this change in equity is completed, Yangzhou Chanfa Group will become the controlling shareholder of the Company, and the Yangzhou Municipal State-owned Assets Supervision and Administration Commission (hereinafter referred to as "Yangzhou SASAC") will become the actual controller of the Company.

3. On January 20, 2025, Yangzhou Chanfa Group and Jiangsu Yawei Machine Tool Co., Ltd. signed the "Conditional Share Subscription Agreement between Jiangsu Yawei Machine Tool Co., Ltd. and Yangzhou Industrial Investment Development Group Co., Ltd." (hereinafter referred to as the "Share Subscription Agreement"). On January 20, 2025, Yangzhou Chanfa Group signed the "Cooperation Framework Agreement between Yangzhou Industrial Investment Development Group Co., Ltd., Jiangsu Yawei Technology Investment Co., Ltd., Ji Suqin, Leng Zhiqiang, Shi Jinxia, Pan Enhai, and Zhu Pengcheng" (hereinafter referred to as the "Cooperation Framework Agreement"). On September 23, 2025, the Company and Yangzhou Chanfa Group signed the "Supplementary Agreement to the Share Subscription Agreement." On January 28, 2026, the Company and Yangzhou Chanfa Group signed the "Second Supplementary Agreement to the Share Subscription Agreement."

I. Basic Situation of the Change in Equity

The change in shareholder equity before and after this issuance is described as follows:

Before this issuance, the Company's equity was dispersed, and there was no concerted action among shareholders on major matters to jointly control the Company. Before this issuance, the Company had no controlling shareholder or actual controller.

After this issuance, Yangzhou Chanfa Group holds 92,098,593 shares of Yawei Co., Ltd. through subscribing for shares issued by the Company to a specific target, accounting for 14.35% of the total shares of the listed company after the issuance.

The shareholding situation of Yangzhou Chanfa Group and other major shareholders of Yawei Co., Ltd. before and after this issuance is as follows: