2026 Plan for Issuance of Shares to Specific Objects via Simplified Procedure

Stock Abbreviation: Jinfei Kaida

Stock Code: 002863

Zhejiang Jinfei Kaida Wheel Co., Ltd.

2026 Plan for Issuance of Shares to Specific Objects via Simplified Procedure

July 2026

Company Statement

1. The Company and all members of the Board of Directors guarantee that the contents of this plan are true, accurate, and complete, and confirm that there are no false records, misleading statements, or major omissions, and assume individual and joint legal liability for the truthfulness, accuracy, and completeness of the contents of this plan.

2. This plan is prepared in accordance with the Company Law of the People's Republic of China, the Securities Law of the People's Republic of China, the Administrative Measures for the Registration of Securities Issuance by Listed Companies, and other laws, regulations, and normative documents.

3. After the completion of this issuance of shares to specific objects via the simplified procedure, the Company is solely responsible for changes in its operations and earnings; investors are solely responsible for investment risks arising from this issuance.

4. This plan is the Board of Directors' explanation of this issuance of shares to specific objects via the simplified procedure, and any contrary statements are false.

5. Investors with any questions should consult their stock brokers, lawyers, accountants, or other professional advisors.

6. The matters described in this plan do not represent a substantive judgment, confirmation, approval, or consent by the approval authorities regarding the matters related to this issuance. The effectiveness and completion of the matters related to this issuance are subject to the approval or registration of the relevant approval authorities.

Important Notice

The terms or abbreviations used in this section have the same meanings as those defined in the "Definitions" section of this plan.

1. The matters related to this issuance of shares to specific objects via the simplified procedure have been authorized by the Company's 2025 Annual General Meeting to the Board of Directors for implementation; the issuance plan and related matters have been reviewed and approved at the 37th meeting of the 5th Board of Directors held on July 9, 2026, and can only be implemented after being reviewed and passed by the Shenzhen Stock Exchange and registered with the China Securities Regulatory Commission (CSRC).

2. The targets of this issuance are no more than 35 (inclusive) specific investors, including securities investment fund management companies, securities companies, trust companies, finance companies, insurance institutional investors, qualified foreign institutional investors (QFII), RMB qualified foreign institutional investors (RQFII), and other legal persons, natural persons, or other qualified institutional investors that meet the requirements of the CSRC. Among them, if a securities investment fund management company, securities company, QFII, or RQFII subscribes with more than 2 products managed by it, it shall be regarded as one issuance target; trust companies acting as issuance targets can only subscribe with their own funds.

The final issuance targets shall be determined by the Board of Directors, in accordance with the authorization of the Annual General Meeting and the provisions of relevant laws, regulations, and normative documents, through consultation with the sponsor and underwriter of this issuance. If there are new regulations on the targets of issuance to specific objects in national laws and regulations, the Company will make adjustments according to the new regulations. All issuance targets shall subscribe for the Company's shares in this issuance in RMB cash and at the same price.

1. The pricing benchmark date for this issuance is the first day of the issuance period. The issuance price shall not be lower than 80% of the average trading price of the Company's shares for the 20 trading days preceding the pricing benchmark date (average trading price for the 20 trading days preceding the pricing benchmark date = total trading volume of shares for the 20 trading days preceding the pricing benchmark date ÷ total trading volume of shares for the 20 trading days preceding the pricing benchmark date).