Shuangjie Electric: carry out hedging activities for commodity futures with a total value not exceeding 60 million.

Shuangjie Electric announced that in order to avoid the risk of fluctuations in raw material prices, the company and its subsidiaries plan to carry out commodity futures hedging business, with futures limited to on-exchange trading varieties directly related to production and operation. The margin and premium limit of the business shall not exceed 10 million RMB, and the maximum contract value held on any trading day shall not exceed 60 million RMB, valid for 12 months from the date of approval by the board of directors, and the limit can be rolled over. The funds are self-owned, and this matter has been approved by the board of directors. In addition, the company has analyzed the business risks and formulated corresponding measures.