According to the announcement by Jiangsu Zhenjiang New Energy Equipment (603507.SH) on the Zhitong Finance APP, the People's Bank of China, together with the China Banking and Insurance Regulatory Commission, the China Securities Regulatory Commission, issued the "Notice on Matters Concerning the Establishment of Stock Repurchase and Incremental Loan for Repurchase", setting up the stock repurchase and incremental loan to incentivize and guide financial institutions to provide loans to eligible listed companies and major shareholders, supporting their repurchase and increment of listed company's stocks. In order to further improve the company's fund utilization efficiency, fully leverage the country's support policies for listed companies to repurchase stocks, on November 1, 2024, the company signed a "Loan Commitment Agreement" with the Industrial and Commercial Bank of China Wuxi Branch, agreeing to provide the company with a special loan for stock repurchase, with a loan amount of RMB 42 million.

In accordance with the relevant spirit of the Notice on Matters Concerning the Establishment of Stock Repurchase and Incremental Loan for Repurchase, the company actively cooperates with commercial banks to better carry out the repurchase of stocks, fully utilize financial loan tools, promote the company's stock repurchase plan, and enhance the company's value. The above transaction will not have a significant impact on the company's operation performance for the year.