Announcement Regarding the Issuance of Convertible Corporate Bonds to Undesignated Investors

Securities Code: 300697 Securities Abbreviation: Electric Alloy Announcement No.: 2026-029

Jiangyin Electric Alloy Co., Ltd.

Announcement Regarding the Issuance of Convertible Corporate Bonds to Undesignated Investors

Sponsor (Lead Underwriter): Guosen Securities Co., Ltd.

The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and that there are no false records, misleading statements, or significant omissions.

Special Notice

Jiangyin Electric Alloy Co., Ltd. (hereinafter referred to as "Electric Alloy," "the Issuer," or "the Company") and Guosen Securities Co., Ltd. (hereinafter referred to as "Guosen Securities" or "the Sponsor (Lead Underwriter)") are organizing the implementation of this issuance of convertible corporate bonds to undesignated investors (hereinafter referred to as "Convertible Corporate Bonds," "Convertible Bonds," or "Alloy Bonds") in accordance with the "Securities Law of the People's Republic of China," the "Administrative Measures for the Registration and Issuance of Securities by Listed Companies" (Order of the China Securities Regulatory Commission No. 227), the "Administrative Measures for the Registration and Issuance of Securities by Listed Companies" (Order of the China Securities Regulatory Commission No. 228), the "Implementation Rules for the Issuance and Underwriting Business of Securities by Listed Companies of the Shenzhen Stock Exchange (2025 Revision)" (Shenzhen Stock Exchange Letter [2025] No. 268), the "Shenzhen Stock Exchange Listed Company Self-Regulatory Guidance No. 15 - Convertible Corporate Bonds (2025 Revision)" (Shenzhen Stock Exchange Letter [2025] No. 223), and the "Shenzhen Stock Exchange GEM Listed Company Self-Regulatory Guidance No. 1 - Business Handling (2026 Revision)" (Shenzhen Stock Exchange Letter [2026] No. 135), and other relevant regulations.

The convertible bonds to be issued will be allocated on a priority basis to existing shareholders registered with China Securities Depository and Clearing Corporation Limited Shenzhen Branch (hereinafter referred to as "ChinaClear Shenzhen Branch") after the close of trading on the equity registration date (July 29, 2026, T-1 day). After the priority allocation to existing shareholders, the remaining portion (including the portion of priority allocation waived by existing shareholders) will be issued to public investors through the Shenzhen Stock Exchange (hereinafter referred to as "SZSE") trading system via online offering (hereinafter referred to as "Online Offering").

Investors participating in the online subscription are requested to carefully read this announcement and the relevant regulations published on the SZSE website (www.szse.cn).

Important reminders regarding the issuance process, subscription, payment, and handling of investor forfeitures are as follows:

1. The priority allocation date for existing shareholders and the online subscription date for this convertible bond issuance are both July 30, 2026 (T day). The online subscription period is T day 9:15-11:30 and 13:00-15:00. Existing shareholders participating in priority allocation must pay the full amount of funds for the number of convertible bonds they are allocated within their priority allocation quota. Existing shareholders and public investors participating in the online subscription for the remaining portion after priority allocation are not required to pay subscription funds.

2. Investors should reasonably determine their subscription amount based on industry regulatory requirements and their respective asset or capital scale, and must not subscribe beyond their asset or capital scale. The Sponsor (Lead Underwriter) has the right to deem the subscription invalid if it finds that an investor does not comply with industry regulatory requirements or subscribes beyond their respective asset or capital scale. Investors should express their subscription intentions independently and must not authorize securities companies to subscribe on their behalf in a general manner.