Yingkou Jinchen Machinery Co., Ltd. announced a private placement that it has issued 22,527,596 A shares with par value of CNY 1 at an issue price of KRW 44.39 per share for the gross proceeds of CNY 999,999,986.44 on January 11, 2024. The transaction will include participation from returning investors such as Nuode Asset Management Co., Ltd., Caitong Fund Management Co., Ltd.; new investors such as China Asset Management Co. Ltd., Guotai Junan Financial Holdings Limited, GF Securities Co., Ltd., Youcai Xinxin No.

2 Private Securities Investment Fund managed by Shanghai Youyou Wealth Investment Management Co., Ltd., Western Leadbank Fund Management Co., Ltd., UBS AG and individual investors such as Zhu Shuqin, Wei Wei, Hang Hong and Guo Weisong. After deducting the issuance fee of CNY 20,170,308.87 the actual net amount of funds raised is CNY 979,829,677.57, of which CNY 22,527,596 is included in share capital and CNY 957,302,081.57 is included in capital reserves. The transaction has been approved by the 25th meeting of the fourth board of directors.