Announcement on Capital Increase to Wholly-Owned Subsidiary and Investment in New Production Base for Refrigerant Compressors and Heat Pumps

Securities Code: 300441

Securities Abbreviation: Bows Shares

Announcement No.: 2026-027

Ningbo Bows Energy Equipment Co., Ltd.

Announcement on Capital Increase to Wholly-Owned Subsidiary and Investment in New Production Base for Refrigerant Compressors and Heat Pumps

The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or significant omissions.

Ningbo Bows Energy Equipment Co., Ltd. (hereinafter referred to as the "Company" or "this Company") held the third meeting of the Sixth Board of Directors on July 24, 2026, and deliberated and passed the "Proposal on Capital Increase to Wholly-Owned Subsidiary and Investment in New Production Base for Refrigerant Compressors and Heat Pumps." The Company plans to increase the capital of its wholly-owned subsidiary, Jiangxi Bows Supply Chain Services Co., Ltd. (hereinafter referred to as "Jiangxi Supply Chain"), by RMB 500 million in cash. Jiangxi Supply Chain will be the implementing entity to invest in and construct a new production base for refrigerant compressors and heat pumps. After the capital increase, the registered capital of Jiangxi Supply Chain will increase to RMB 1,300 million. The Company will hold 84.62% of the shares, and Ningbo Bows Supply Chain Services Co., Ltd. will hold 15.38%.

According to the "Rules Governing the Listing of Stocks on the ChiNext Market of the Shenzhen Stock Exchange," "Shenzhen Stock Exchange Listed Companies Self-Regulatory Management Guidelines No. 2 - Standardized Operation of ChiNext Listed Companies," and the "Articles of Association," this capital increase does not involve related party transactions and does not constitute a major asset restructuring as defined by the "Measures for the Administration of Major Asset Restructuring of Listed Companies." This capital increase is within the scope of the Board of Directors' authority and does not require submission to the Company's shareholders' meeting for deliberation.

I. Basic Information of the Investee

1. Company Name: Jiangxi Bows Supply Chain Services Co., Ltd.;

2. Unified Social Credit Code: 91361128MADL3GHJ33;

3. Registered Address: Building 17, Hongdi Industrial City, Lutian Industrial Park, Poyang County, Shangrao City, Jiangxi Province;

4. Legal Representative: Chen Gang;

5. Registered Capital: RMB 800 million;

6. Date of Establishment: May 30, 2024;

7. Company Type: Limited Liability Company (Wholly Owned by Natural Person Investment or Holding Legal Person);

8. Business Term: May 30, 2024, to indefinite;

9. Major Financial Data: