Announcement on Wholly-Owned Subsidiary's Joint Investment with Professional Investment Institutions

Announcement Number: <Xin>2026-048

Xinwangda Electronic Co., Ltd. Announcement on Wholly-Owned Subsidiary's Joint Investment with Professional Investment Institutions

The company and the board of directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and there are no false records, misleading statements, or major omissions.

I. Overview of Cooperation with Professional Investment Institutions

Shenzhen Xinwangda Electronic Co., Ltd. ("Xinwangda" or "the Company"), through its wholly-owned subsidiary Shenzhen Xineng Industry Development Technology Co., Ltd. ("Xineng Technology"), intends to sign a "Partnership Agreement" with general partner Kaixian Capital Management Co., Ltd. ("Kaixian Capital"), limited partner Huizhou Yuande Energy Co., Ltd. ("Yuande Energy"), and limited partner Zhejiang Xuneng Technology Co., Ltd. ("Xuneng Technology") to jointly establish Tianjin Kaixin Energy Storage Equity Investment Partnership (Limited Partnership) (tentative name, subject to final approval by the industrial and commercial registration authority, hereinafter referred to as "Kaixin Energy Storage" or "the Target Fund"). The registered capital of the Target Fund is RMB 50,000 million. Among them, limited partner Xuneng Technology will contribute RMB 25,000 million, accounting for 50.00%; limited partner Xineng Technology will contribute RMB 24,000 million, accounting for 48.00%; limited partner Yuande Energy will contribute RMB 500 million, accounting for 1.00%; and general partner Kaixian Capital will contribute RMB 500 million, accounting for 1.00%. The contribution method for all parties is in RMB currency. Professional investment institution Kaixian Capital will serve as the fund manager of Kaixin Energy Storage. The investment direction is mainly independent energy storage projects, with potential expansion into wind power, photovoltaic, and other projects as appropriate.

According to the "GEM Stock Listing Rules of Shenzhen Stock Exchange," "GEM Listed Company Self-Regulatory Guidance No. 7 - Transactions and Connected Transactions," and the "Articles of Association of Xinwangda Electronic Co., Ltd." (hereinafter referred to as the "Articles of Association"), this joint investment does not require review and approval by the Company's board of directors or shareholders' meeting. It does not constitute competition with existing businesses or connected transactions, nor does it constitute a major asset restructuring as defined by the "Measures for the Administration of Major Asset Restructuring of Listed Companies."

II. Basic Information of the Parties to the Cooperation

(I) Basic Information of the Fund Manager and General Partner

Company Name: Kaixian Capital Management Co., Ltd. Unified Social Credit Code: 91110107344290021U Date of Establishment: May 26, 2015 Business Term: May 26, 2015, to no fixed term Company Type: Limited Liability Company (invested or controlled by natural persons) Registered Capital: RMB 10,000 million Registered Address: Unit 2, Floor 6, Building 6, Nanli East District, Dongcheng District, Beijing Legal Representative: Wei Yong Business Scope: Investment management, asset management. ("1. Unless approved by relevant departments, fundraising through public channels is prohibited; 2. Trading of securities products and financial derivatives through public channels is prohibited; 3. Lending is prohibited; 4. Providing guarantees for enterprises other than invested enterprises is prohibited; 5. Promising investors that the principal will not be lost or promising minimum returns"; Market entities shall independently choose business projects and carry out business activities; For projects subject to approval, business activities shall be carried out in accordance with the approved content after approval by relevant departments; Business activities that are prohibited or restricted by national and local industrial policies are prohibited.)

Partners of Kaixian Capital and their Capital Contributions: