Jiangwu Equipment has issued an announcement regarding abnormal trading activity. The cumulative deviation in the closing price of the Company’s shares reached 20% over three consecutive trading days on February 13, February 24, and February 25, 2026. In accordance with the relevant provisions of the “Shanghai Stock Exchange Trading Rules,” this constitutes a case of abnormal fluctuations in stock trading. As of the date of this announcement, the effectiveness and completion of the private placement of A-shares to specific investors remain subject to the following conditions: the completion of audits and valuations related to the fundraising investment projects; the reconvening of the Board of Directors to review and approve the matter; the approval of the Company’s shareholders’ meeting; obtaining approval from the competent state-owned asset regulatory authorities; passing the review by the Shanghai Stock Exchange; and receiving registration approval from the China Securities Regulatory Commission. There remains uncertainty regarding this matter, and investors are advised to be aware of the associated investment risks.