Zhiyuan New Energy: Report on Simplified Equity Change

Changchun Zhiyuan New Energy Equipment Co., Ltd.

Report on Simplified Equity Change

Company Name: Changchun Zhiyuan New Energy Equipment Co., Ltd.

Stock Listing Venue: Shenzhen Stock Exchange

Stock Abbreviation: Zhiyuan New Energy

Stock Code: 300985

Information Disclosure Obligor (1): Changchun Huifeng New Energy Equipment (Group) Co., Ltd.

Domicile: No. 888 Yumin Road, Chaoyang Economic Development Zone, Changchun

Correspondence Address: No. 888 Yumin Road, Chaoyang Economic Development Zone, Changchun

Information Disclosure Obligor (2): Wang Ran

Domicile: Chaoyang District, Changchun [blank]

Correspondence Address: Chaoyang District, Changchun [blank]

Information Disclosure Obligor (3): Changchun Zhongzhi Huiyuan Investment Partnership (Limited Partnership)

Domicile: Room 7, No. 79 Zhengyang Street, Automobile Development Zone, Changchun

Correspondence Address: Room 7, No. 79 Zhengyang Street, Automobile Development Zone, Changchun

Nature of Share Change: Passive increase in shareholding ratio due to differentiated equity distribution (bonus shares) and decrease in equity ratio due to reduction of company shares.

Signing Date: July 23, 2026

Declaration of Information Disclosure Obligors

1. This report is prepared by the information disclosure obligors in accordance with the Securities Law of the People's Republic of China, the Administrative Measures for the Takeover of Listed Companies, the Standards for the Contents and Formats of Information Disclosure by Companies Offering Securities to the Public No. 15—Report on Equity Change, and other relevant laws and regulations.

2. The signing of this report by the information disclosure obligors has obtained the necessary authorization and approval, and its performance does not violate or conflict with any terms in the partnership agreements, articles of association, or internal rules of the information disclosure obligors.

3. In accordance with the Securities Law of the People's Republic of China, the Administrative Measures for the Takeover of Listed Companies, and the Standards for the Contents and Formats of Information Disclosure by Companies Offering Securities to the Public No. 15—Report on Equity Change, this report has fully disclosed the changes in the shares held by the information disclosure obligors in Changchun Zhiyuan New Energy Equipment Co., Ltd.

As of the date of signing this report, except for the information disclosed in this report and the announcements already released by the company, the information disclosure obligors have not increased or decreased their shares in Changchun Zhiyuan New Energy Equipment Co., Ltd. (hereinafter referred to as the "Listed Company" or "Company") through any other means.

1. This equity change is conducted based on the information contained in this report. The information disclosure obligors have not entrusted or authorized any unit or individual to provide information not contained in this report or to make any interpretation or explanation of this report.

2. The information disclosure obligors promise that this report does not contain any false records, misleading statements, or major omissions, and assume legal responsibility for its authenticity, accuracy, and completeness.

3. Some data in this report requires rounding, so there may be discrepancies in the mantissa; investors are advised to take note.

Table of Contents

1. Declaration of Information Disclosure Obligors

2. Section I Definitions

3. Section II Introduction to Information Disclosure Obligors

4. Section III Purpose of Equity Change

5. Section IV Method of Equity Change

6. Section V Trading of Listed Shares in the Previous Six Months

7. Section VI Other Major Matters

8. Section VII Declaration of Information Disclosure Obligors

9. Section VIII Documents for Inspection

10. Appendix: Report on Simplified Equity Change

Section I Definitions

In this report, unless the context otherwise requires, the following terms or abbreviations have the following meanings: