Zhejiang Songyuan Automotive Safety Systems Co., Ltd. (hereinafter referred to as "the Company") aims to strengthen the standardized management of daily related transactions. In accordance with the Company Law, the Shenzhen Stock Exchange GEM Listing Rules, and other relevant laws and regulations, the Company announces the expected daily related transactions for 2026 as follows:
I. Basic Information on Daily Related Transactions
(1) Overview of Daily Related Transactions
Due to operational needs, the Company expects to engage in daily related transactions with the following entities in 2026: Yuyao Songyi Auto Parts Casting Factory (General Partnership), Yuyao Kuanjie Packaging Products Co., Ltd., Yuyao Moutan Town Jianhong Valve Hardware Factory (General Partnership), Ningbo Yide New Materials Co., Ltd., Yuyao Jiehong Wood Products Factory (General Partnership), and Yuyao Wenju Wood Products Factory (General Partnership), with a total amount not exceeding 88 million yuan. The actual amount of daily related transactions in 2025 was 57.71 million yuan. On April 9, 2026, the Company held the third meeting of the fourth board of directors, which approved the proposal on the expected daily related transactions for 2026 with 4 votes in favor, 0 against, and 0 abstentions. Related directors Hu Chanming, Hu Kaina, and Shen Yanyan abstained from voting on this proposal. This related transaction matter was unanimously reviewed and approved by the Company's board of directors' audit committee and independent directors before being submitted for board review. This matter is within the approval authority of the board of directors and does not require submission to the shareholders' meeting for review. The Company and all members of the board of directors guarantee that the content of the information disclosure is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
(2) Expected Related Transaction Content and Amount for 2026
| Related Transaction Category | Related Party | Related Transaction Content | Pricing Principle | Contract Amount or Expected Amount (10,000 yuan) | Amount Incurred as of Disclosure Date (1-3 Months) (10,000 yuan) | Amount Incurred Last Year (10,000 yuan) |
|---|---|---|---|---|---|---|
| Purchase of raw materials | Yuyao Songyi Auto Parts Casting Factory (General Partnership) | Purchase of goods | Reference market price | 2,000 | 329.72 | 1,159.50 |
| Purchase of raw materials | Yuyao Kuanjie Packaging Products Co., Ltd. | Purchase of goods | Reference market price | 1,200 | 142.10 | 856.27 |
| Purchase of raw materials | Yuyao Moutan Town Jianhong Valve Hardware Factory (General Partnership) | Purchase of goods | Reference market price | 1,300 | 167.86 | 875.07 |
| Purchase of raw materials | Ningbo Yide New Materials Co., Ltd. | Purchase of goods | Reference market price | 3,000 | 363.99 | 2,010.01 |
| Purchase of raw materials | Yuyao Jiehong Wood Products Factory (General Partnership) | Purchase of goods | Reference market price | 900 | 101.38 | 612.08 |
| Labor services provided by related parties | Yuyao Wenju Wood Products Factory (General Partnership) | Outsourced processing | Reference market price | 400 | 43.76 | 258.13 |
| Total | 8,800 | 1,148.81 | 5,771.05 |
Note: The amount incurred as of the disclosure date refers to the transaction amount from January to March 2026. Any discrepancies in totals due to rounding. If the actual daily related transactions in 2026 exceed the above estimates, the Company will follow the relevant approval procedures in accordance with the Shenzhen Stock Exchange GEM Listing Rules and the Company’s Articles of Association to protect the legitimate interests of the Company and non-related shareholders.