Jiangte Electric Motor: Intends to carry out forward foreign exchange sales and purchases business of no more than 500 million yuan.

Jiangte Electric Motor announced that the company held a board meeting on March 17, 2026, and agreed to conduct forward foreign exchange transactions with a total amount not exceeding RMB 500 million, with a term of one year from the date of approval by the shareholders' meeting, and the amount can be used in a revolving manner. This business aims to hedge against exchange rate fluctuations, with funds coming from internal sources, mainly in US dollars, and with qualified non-related financial institutions as trading partners. The business carries market, operational, and legal risks, and the company has established risk control measures. This matter will still need to be submitted for approval by the shareholders' meeting.