Announcement on the Progress of External Investment and Completion of Business Registration Changes and Obtaining Business License

Wuxi Jiangnan Yifan Power Transmission Technology Co., Ltd. (hereinafter referred to as "the Company") held the fifth meeting of the fifth board of directors on May 19, 2026, and approved the proposal on external investment for equity purchase. On the same day, the Company signed the "Equity Transfer Agreement of Beijing Helish Motor Technology Co., Ltd." with Beijing Helish System Engineering Co., Ltd. and Beijing Helish Motor Technology Co., Ltd., using self-owned or raised funds of RMB 84 million to acquire 40% equity in Beijing Helish Motor Technology Co., Ltd. (hereinafter referred to as "the Target Company"). For specific details, please refer to the announcement titled "Announcement on External Investment for Equity Purchase" (Announcement No.: 2026-044) disclosed by the Company on May 20, 2026, on the Giant Tide Information Network (http://www.cninfo.com.cn).