Zhejiang KaiChuang Electric Co., Ltd.
Announcement on Signing a Cooperation Framework Agreement with Professional Investment Institutions
The Company and all members of the Board of Directors guarantee the content of the information disclosure is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
Special Reminder:
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The "Cooperation Framework Agreement" signed this time is an agreement signed by Zhejiang KaiChuang Electric Co., Ltd. (hereinafter referred to as the "Company" or "KaiChuang Electric" or "Party E") with the People's Government of Wucheng District (designated state-owned enterprise within the district), professional investment institutions, and natural persons to establish a cooperative relationship. It is a framework, guiding, and intentional agreement reached by the parties on their willingness to cooperate. The parties have not yet signed formal agreements for the specific cooperation projects involved in this agreement. After the signing of this agreement, it is uncertain whether formal agreements can be promoted in the future and whether the final cooperation can be achieved.
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The signing of the "Cooperation Framework Agreement" is not expected to have a significant impact on the Company's financial situation and operating performance for the current year.
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For details on the framework agreements disclosed by the Company in the past three years, please refer to "VI. Other Related Explanations" in this announcement.
I. Overview of the Signing of the "Eight-Party Cooperation Framework Agreement for Robot Industry Fund and Project Landing"
On August 17, 2026, Zhejiang KaiChuang Electric Co., Ltd. (hereinafter referred to as the "Company" or "KaiChuang Electric" or "Party E") and the People's Government of Wucheng District (designated state-owned enterprise within the district, hereinafter referred to as "Party A"), Jinhua City Investment Group Co., Ltd. (hereinafter referred to as "Party B"), Jinhua City Development Group Co., Ltd. (hereinafter referred to as "Party C"), Lingxin Qiaoshou (Beijing) Technology Co., Ltd. (hereinafter referred to as "Party D"), Yunjin (Suzhou) Capital Management Co., Ltd. (hereinafter referred to as "Party F"), and natural person Wang Zhuoran (hereinafter referred to as "Party G"), and natural person Gao Ting (hereinafter referred to as "Party H") jointly signed the "Eight-Party Cooperation Framework Agreement for Robot Industry Fund and Project Landing" (hereinafter referred to as the "Cooperation Framework Agreement" or "this Agreement").
According to the "Shenzhen Stock Exchange ChiNext Stock Listing Rules," "Shenzhen Stock Exchange Listed Company Regulatory Guidelines No. 2 - Standardized Operation of ChiNext Listed Companies," and the "Articles of Association of Zhejiang KaiChuang Electric Co., Ltd." and relevant regulations, the signing of this "Cooperation Framework Agreement" does not require submission to the Company's Board of Directors and Shareholders' Meeting for deliberation.
The signing of this agreement does not constitute a related party transaction, nor does it fall under the "Measures for the Administration of Major Asset Reorganizations of Listed Companies." The establishment of the subsequent specific industrial fund requires filing and approval from the National Development and Reform Commission and the China Securities Regulatory Commission; the establishment of the entity for the landing of the embodiment intelligence joint module industrial project requires filing and registration with the National Development and Reform Commission.
The Company will, based on the progress of subsequent fund contracts, project cooperation agreements, and the establishment of the industrial fund and project landing, fulfill the corresponding approval procedures and information disclosure obligations in accordance with relevant laws and regulations and the "Articles of Association."