Announcement on Signing the Tripartite Supervision Agreement for Raised Funds

Hunan Feiwo New Energy Technology Co., Ltd. and all members of the board guarantee that the content of this information disclosure is true, accurate, and complete, without false records, misleading statements, or significant omissions.

I. Overview of Fundraising

According to the approval from the China Securities Regulatory Commission regarding the registration of Hunan Feiwo New Energy Technology Co., Ltd.'s initial public offering (Approval No. [2023] 589), the company issued 13.47 million shares of RMB ordinary stock (A shares) at a par value of RMB 1.00 per share, with an issue price of RMB 72.50 per share, raising a total of RMB 976.575 million. After deducting various non-taxable issuance expenses, the actual net amount raised was RMB 851.5061 million. The raised funds were fully in place by June 12, 2023, and Tianjian Accounting Firm (Special General Partnership) has verified the status of the raised funds and issued Verification Report No. Tianjian [2023] 2-15 on June 12, 2023. The company has deposited the raised funds into a special account opened for this issuance and will manage the storage and use of the raised funds in a dedicated manner. In accordance with the relevant regulations of the Shenzhen Stock Exchange's Self-Regulatory Guidelines No. 2 for listed companies on the Growth Enterprise Market, the company signed a Tripartite Supervision Agreement with each bank and sponsor institution after the funds were in place.

II. Opening of New Special Accounts for Raised Funds and Signing of Supervision Agreements

On April 11, 2026, the company held the fourth meeting of the fourth board of directors and on May 8, 2026, held the 2025 annual shareholders' meeting, which approved the proposal to change the use of part of the raised investment project funds and to use the remaining excess funds for new project construction. To align with the company's future strategic development plan and meet business development needs, the company agreed to adjust the construction content of the initial public offering investment projects "High-Strength Fastener Production Line for Wind Power" and "High-Strength Fastener Production Line for Non-Wind Power" to include new factory buildings for the construction of new projects and other production needs, and to use the remaining excess funds to build the 3P factory for wind turbine blade embedded nuts. At the same time, the shareholders' meeting authorized the management team to handle subsequent specific tasks, including but not limited to opening special accounts for raised funds and signing supervision agreements. For detailed content, please refer to the announcement disclosed on the Giant Tide Information Network (http://www.cninfo.com.cn) titled "Announcement on Changing the Use of Part of the Raised Investment Project Funds and Using Remaining Excess Funds for New Project Construction" (Announcement No. 2026-034).

To ensure the safe use of raised funds, in accordance with the "Regulations on the Supervision of Raised Funds by Listed Companies," "Shenzhen Stock Exchange Self-Regulatory Guidelines No. 2 for Listed Companies on the Growth Enterprise Market," and the company's "Management System for Raised Funds," as of the date of this announcement, the company has signed the Tripartite Supervision Agreement with the banks and sponsor institutions to manage the storage and use of raised funds in a dedicated manner. The opening status of the new special accounts for raised funds is as follows: