Announcement Regarding the Acquisition of Partial Equity in Suzhou Chengrui Technology Co., Ltd. and Capital Increase

Stock Code: 301322 Stock Abbreviation: GreenWay Announcement No.: 2026-051

Guangdong GreenWay New Energy Electric Vehicle Technology Co., Ltd.

Announcement Regarding the Acquisition of Partial Equity in Suzhou Chengrui Technology Co., Ltd. and Capital Increase

Special Notice:

1. Risk Warning: Suzhou Chengrui Technology Co., Ltd. (hereinafter "Chengrui Technology" or the "Target Company") recorded 2025 annual operating revenue of 17.652 million RMB and a net profit attributable to the parent company of -2.4785 million RMB, accounting for 1.78% and -5.63% of Guangdong GreenWay New Energy Electric Vehicle Technology Co., Ltd.'s (hereinafter "the Company" or "the Listed Company") 2025 annual operating revenue and net profit attributable to the parent company, respectively. Currently, its overall business scale is relatively small, and its impact on the Company's production and operations is minimal. As of the valuation benchmark date of March 31, 2026, the book value of the Target Company's equity attributable to the parent company was 7.7608 million RMB, with an appraised value of 143 million RMB, representing an appreciation rate of 1742.59%, which is a significant valuation increase. If this transaction is completed and included in the Company's consolidated financial statements, the Company may face risks related to asset valuation, goodwill impairment, technological updates, high customer concentration, acquisition integration and standardization, and the failure to achieve performance commitments. For details regarding risks associated with this transaction, please refer to "VIII. Major Risk Warnings" in this announcement. Investors are advised to make cautious decisions and be aware of investment risks.

2. The Company intends to use 40.268251 million RMB of over-raised funds to acquire a total of 29.4773% equity in Chengrui Technology (corresponding to 0.982577 million RMB of registered capital) held by Jiang Jianjun and Suzhou Rongxiang Jinqu Venture Investment Partnership (Limited Partnership) (hereinafter "Suzhou Rongxiang"). Based on the aforementioned equity transfer, the Company will use 60 million RMB of over-raised funds to increase the capital of Chengrui Technology and obtain 30.5188% of the equity after the capital increase (corresponding to 1.464129 million RMB of registered capital). The total over-raised funds used for the above transactions amount to 100.268251 million RMB (hereinafter "this Transaction"). Upon completion of this Transaction, the Company will hold a total of 51% equity in Chengrui Technology (corresponding to 2.446706 million RMB of registered capital after the capital increase), and the Target Company will become a holding subsidiary of the Listed Company and be included in the scope of the Listed Company's consolidated financial statements.

3. In accordance with the "Rules Governing the Listing of Stocks on the ChiNext Market of the Shenzhen Stock Exchange," the "Guidelines No. 2 for Self-Regulation of Listed Companies on the Shenzhen Stock Exchange — Standardized Operation of Companies Listed on the ChiNext Market," and other relevant regulations, this Transaction does not constitute a related-party transaction, nor does it constitute a major asset restructuring as defined by the "Administrative Measures for Major Asset Restructuring of Listed Companies."

4. This Transaction has been deliberated and approved at the tenth meeting of the fourth session of the Board of Directors. In accordance with the "Regulatory Rules for the Use of Raised Funds by Listed Companies," the "Guidelines No. 2 for Self-Regulation of Listed Companies on the Shenzhen Stock Exchange — Standardized Operation of Companies Listed on the ChiNext Market," and other relevant regulations, this Transaction is still subject to submission to the Company's general meeting of shareholders for deliberation. The Board of Directors agrees to submit it to the general meeting of shareholders for deliberation and requests the general meeting of shareholders to authorize the Company's management to handle matters related to this investment. There is uncertainty as to whether this Transaction will be ultimately completed.