2025 Plan for Issuance of A-Shares to Specific Targets (Second Revised Draft)

Yinchuan Weili Transmission Technology Co., Ltd.

2025 Plan for Issuance of A-Shares to Specific Targets (Second Revised Draft)

Stock Abbreviation: Weili Transmission

Stock Code: 300904

Address: No. 600, Wencui South Street, Xixia District, Yinchuan City, Ningxia

[Chart: Company Logo]

Issuer Statement

1. The Board of Directors and all directors of the Company guarantee that the contents of this announcement do not contain any false records, misleading statements, or major omissions, and assume individual and joint liability for the authenticity, accuracy, and completeness of its contents.

2. This plan is prepared in accordance with the requirements of the Securities Law of the People's Republic of China, the Administrative Measures for the Registration of Securities Issuance by Listed Companies, and other laws, regulations, and normative documents.

3. Upon completion of this issuance of A-shares to specific targets, the Company shall be solely responsible for changes in its operations and earnings; investors shall be solely responsible for investment risks arising from this issuance.

4. This plan is the Board of Directors' explanation of this issuance of A-shares to specific targets, and any statement to the contrary is a false statement.

5. Investors with any questions should consult their stockbroker, lawyer, professional accountant, or other professional advisor.

6. The matters described in this plan do not represent a substantive judgment, confirmation, or approval by the approval authorities regarding matters related to this issuance. The effectiveness and completion of the matters related to this issuance described in this plan are subject to the approval of the relevant approval authorities.

Special Notice

Terms or abbreviations used in this section have the same meanings as those defined in the "Definitions" section of this plan.

1. Matters related to this issuance of A-shares to specific targets have been deliberated and approved at the 33rd meeting of the 3rd Board of Directors, the 34th meeting of the 3rd Board of Directors, the 4th Extraordinary General Meeting of 2025, and the 7th meeting of the 4th Board of Directors. Implementation is subject to review and approval by the Shenzhen Stock Exchange and registration by the China Securities Regulatory Commission. Upon obtaining registration approval from the China Securities Regulatory Commission, the Company will apply to the Shenzhen Stock Exchange and the Shenzhen Branch of China Securities Depository and Clearing Corporation Limited for the issuance, registration, and listing of shares in accordance with the law.

2. The targets of this issuance are no more than 35 (inclusive) specific targets, including securities investment fund management companies, securities companies, trust companies, finance companies, insurance institutional investors, qualified foreign institutional investors, and other legal persons, natural persons, or other qualified investors that meet the conditions stipulated by the China Securities Regulatory Commission. Among them, securities investment fund management companies, securities companies, qualified foreign institutional investors, and RMB qualified foreign institutional investors subscribing with two or more products managed by them shall be regarded as one issuance target; trust companies acting as issuance targets may only subscribe with their own funds.

After passing the review by the Shenzhen Stock Exchange and obtaining registration approval from the China Securities Regulatory Commission, the Board of Directors and its authorized persons will, within the scope of authorization by the General Meeting of Shareholders, determine the final issuance targets through competitive bidding with the sponsor (lead underwriter) in accordance with relevant laws, regulations, and normative documents. If there are new national laws or regulations regarding the targets of private placements, the Company will make adjustments accordingly.

1. The total amount of funds raised from this issuance of A-shares to specific targets shall not exceed 600 million RMB (inclusive). After deducting relevant issuance expenses, the proceeds will be used to invest in the following projects: