OLIVE
Suoao Sensing 2026 Announcement
Securities Code: 300507
Securities Abbreviation: Suoao Sensing
Announcement No.: 2026-031
Jiangsu Aolvwe Sensing High-Tech Co., Ltd.
Announcement on Increasing the Estimated Limit for Annual Related Party Transactions in 2026
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or major omissions.
I. Basic Situation of Related Party Transactions
(I) Overview of Related Party Transactions
- Previous Review of Estimated Related Party Transactions
Jiangsu Aolvwe Sensing High-Tech Co., Ltd. (hereinafter referred to as the "Company") held its 2025 Annual General Meeting on May 15, 2026, and approved the "Proposal on Estimating Annual Related Party Transactions for 2026." It was agreed that the Company would conduct sales transactions with related party Zhongchuang Xin Hang Technology Group Co., Ltd. (hereinafter referred to as "Zhongchuang Xin Hang") not exceeding RMB 200 million based on its daily operational development needs. The specific transactions will be carried out by the related parties or their subsidiaries within the consolidated scope. For details, please refer to the "Announcement on Estimating Annual Related Party Transactions for 2026" (Announcement No.: 2026-008) disclosed by the Company on the Juchao Information Network (www.cninfo.com.cn) on April 18, 2026.
- Estimated Limit Increase for Annual Related Party Transactions in 2026
Due to business development needs, the Company estimates that the amount of daily related party sales transactions with Zhongchuang Xin Hang in 2026 will increase by RMB 600 million, raising the estimated amount of daily related party sales transactions from RMB 200 million to RMB 800 million. The Company estimates an increase of RMB 500 million in related party purchase transactions with Zhongchuang Xin Hang in 2026. Specific transactions will be carried out by the related parties or their subsidiaries within the consolidated scope. Other contents of the previously approved estimated related party transactions remain unchanged.
The Company held the Fifth Meeting of the Sixth Board of Directors on August 7, 2026, to review the "Proposal on Increasing the Estimated Limit for Annual Related Party Transactions in 2026." Due to the recusal of related directors Liu Jingyu, Dai Ying, and Teng Fei, the number of directors voting was less than half of the total number of directors. In accordance with the "Shenzhen Stock Exchange GEM Stock Listing Rules" (hereinafter referred to as the "Listing Rules") and the "Company Articles of Association," this proposal
will be submitted to the shareholders' meeting for review.