Innouvo technology (000795.SZ) announced that around 10:20 a.m. on June 23, 2024, a partial fire accident occurred in a machining workshop of Zhejiang Dongyang Dongci Rare Earth Co., Ltd., a subsidiary of the company located in Hengdian Town, Dongyang City, Zhejiang Province. After the accident, the company immediately initiated the emergency plan, established an on-site emergency team, quickly evacuated the crowd, fully cooperated with the local fire department to carry out the fire fighting and rescue work on site, and the fire was extinguished around 12:00 noon on the same day. At present, the specific cause of the accident is being investigated and verified.

The fire covered an area of about 50 square meters, and some equipment and products were damaged to a certain extent. The specific loss situation is being verified and evaluated, and the company's damaged assets have been insured to the insurance company. The accident did not cause any casualties. After the accident, the company has established a working group to deal with production and operation scheduling and related asset damage claims. The company is making arrangements to improve the production capacity of other production lines and outsourced processing, and it is expected to have a limited impact on customer orders for the products of the workshop. The production in other workshops of the company is normal, and the relevant insurance claim verification and settlement work is also being carried out in an orderly manner. The accident will not have a significant impact on the company's production, operation and performance.

After the accident, the company has established a working group to deal with production and operation scheduling and related asset damage claims. The company is making arrangements to improve the production capacity of other production lines and outsourced processing, and it is expected to have a limited impact on customer orders for the products of the workshop. The production in other workshops of the company is normal, and the relevant insurance claim verification and settlement work is also being carried out in an orderly manner. The accident will not have a significant impact on the company's production, operation and performance.