Wencan Corporation: Wholly-owned subsidiary Tianjin Xiongbang experienced a fire accident, with initial estimates indicating that it will have a certain impact on the full-year performance in 2025.

Wencan Corporation announced that a fire accident occurred in the post-processing workshop of its wholly-owned subsidiary, Tianjin Xiongbang Die-casting Co., Ltd., on September 2, 2025, affecting the three-dimensional warehouse. The accident did not cause any casualties and had no impact on Tianjin Xiongbang Die-casting, machining workshops, and other warehouses, but some of the factory buildings, equipment, and inventory at the accident site were damaged. It is preliminarily estimated that it will have a certain impact on the full-year performance in 2025. The company has established a working group to handle production and operation scheduling, and is coordinating arrangements to minimize the impact on customer order delivery. The company will fully cooperate with relevant departments to investigate the cause of the accident and strengthen safety management to prevent similar accidents from happening again.