Jiaze Xineng: Shareholders holding more than 5% of the shares have reached the deadline for their reduction plan, reducing their holdings by 1.5232%.

Jiaze New Energy announced that as of February 19, 2026, the shareholder Ningxia Bitai Investment Partnership Enterprise's holding of the company's shares has decreased to 145,638,200 shares, accounting for 4.9999% of the total share capital. On October 29, 2025, Ningxia Bitai disclosed a reduction plan, intending to reduce no more than 3% of the shares within three months. During the reduction period, it sold a total of 44,361,800 shares through centralized bidding and block trading, accounting for 1.5230% of the total share capital. Due to the passive dilution from the conversion of convertible bonds to shares by 0.0002%, the total shareholding ratio decreased by 1.5232%. The total amount of reduction was 219,156,868 yuan, with 43,017,883 shares remaining to be sold.