Jinbei Automobile Co., Ltd. Announcement on Obtaining Project Selection for Passenger Vehicle Interior Business

The company’s board of directors and all directors guarantee that this announcement contains no false records, misleading statements, or major omissions, and assume legal responsibility for the authenticity, accuracy, and completeness of its content.

Important Notice:

● Recently, Jinbei Automotive Co., Ltd. (hereinafter referred to as “the Company” or “Jinbei Automotive”)'s controlling subsidiary Shenyang Jinbei Yanfeng Automotive Interior Systems Co., Ltd. (hereinafter referred to as “Jinbei Yanfeng”) received a client’s fixed-point letter via email. Jinbei Yanfeng has secured three interior projects from a leading OEM (name confidential due to confidentiality agreement, hereinafter “the Client”) to develop and produce interior products for the client.

● These three projects are scheduled to start mass production in 2028 and will not have a significant impact on the company’s performance for this year.

● The fixed-point letter is the Client’s recognition of the company’s interior business development capabilities and supply qualification. It does not constitute a sales contract. There are risks of project delays, changes, suspension, or termination due to unforeseen or force majeure reasons.

● The total estimated value of the project lifecycle is a forecast; actual sales revenue will directly depend on the client’s actual production volume. Factors such as the overall automotive market conditions and macroeconomic environment may influence the client’s procurement needs. The actual progress of the projects is uncertain.

1. Overview of the Fixed-Point Letter

The company’s subsidiary Jinbei Yanfeng received a client’s fixed-point letter via email, confirming three interior projects from a leading OEM (name confidential). Jinbei Yanfeng will develop and produce interior products for these projects.

According to the client’s plan, these three projects are expected to begin mass production in 2028, with a project lifecycle of 8 years. The total estimated lifecycle value is approximately 886 million yuan.

2. Impact on the Company

3. The newly awarded fixed-point projects are the first time the client has designated a new luxury model to the company. This recognition demonstrates the client’s confidence in the company’s capabilities and services during cooperation. The continuous accumulation of orders also creates conditions for scaling up future production.

4. This project is not expected to significantly impact the company’s performance this year, but securing these fixed points will help increase future annual business revenue and positively influence the company’s future operating results.

5. Risk Warning

6. The three projects are scheduled to start mass production in 2028 and will not significantly affect this year’s performance.

7. The fixed-point letter is a recognition of the company’s interior business development and supply qualification by the client. It does not constitute a sales contract. There are risks of project delays, changes, suspension, or termination due to unforeseen or force majeure reasons.

8. The total estimated value of the project lifecycle is a forecast; actual sales revenue will depend on the client’s actual production volume. Factors such as the overall automotive market and macroeconomic environment may influence the client’s procurement needs. The actual progress of the projects is uncertain.

Investors are advised to pay attention to investment risks.

This announcement is hereby issued.

Jinbei Automotive Co., Ltd. Board of Directors

March 20, 2026

Stock Code: 600609 Stock Abbreviation: Jinbei Automotive Announcement No.: Lin 2026-003

Jinbei Automotive Co., Ltd.

Announcement on Securing Fixed-Point for Passenger Car Interior Business Projects

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