Ningbo Jifeng Auto Parts (603997.SH) Subsidiary Wins Designation for Passenger Vehicle Seat Assembly Project, Estimated Total Lifecycle Amount of 1.18 Billion Yuan

Ningbo Jifeng Auto Parts (603997.SH) announced that its wholly-owned subsidiary, Jifeng Seating (Hefei), recently received a "Designation Notice" from a customer. Jifeng Seating (Hefei) has been designated for a seat assembly project by a new energy vehicle OEM (name cannot be disclosed due to a confidentiality agreement), and will develop and produce complete vehicle seat assembly products for the customer. According to the customer's planning, the project is expected to start mass production in August 2027, with a project lifecycle of 2.3 years and an estimated total lifecycle amount of 1.18 billion yuan. This newly awarded designation project represents the original customer again designating a new vehicle model to the company. The company's re-designation by the original customer reflects the customer's recognition of the capabilities demonstrated and services provided by the company during cooperation. Meanwhile, the continuous accumulation of orders on hand also creates conditions for the company to achieve economies of scale in future production. This project is not expected to have a material impact on the company's performance for the current year, but the designation will help increase the company's future annual business revenue and have a positive impact on the company's future operating performance.