Jiangwu Equipment: The company plans to issue A shares to specific investors in 2026.

Jiangwu Equipment Announcement: The company is planning to issue A shares to specific entities in the year 2026. To improve the company's industry chain, enhance core competitiveness, strengthen asset quality and profitability, and maximize shareholder value, the company intends to issue A shares to no more than 35 qualified specific investors, including the company's controlling shareholder Jiangwu Holdings. The number of shares issued in this issuance shall not exceed 30% of the total share capital of the company prior to the issuance to specific entities, i.e. not more than 297 million shares. The total amount of funds raised in this issuance shall not exceed 1.882 billion RMB, which will be used to acquire 100% equity of Jiangxi Jiangwu Hard Alloy Co., Ltd., Ganzhou Huamao Tungsten Materials Co., Ltd., and Jiujiang Nonferrous Metal Smelting Co., Ltd. after deducting issuance expenses.