JS Corrugating subsidiary secures RMB 1.005 bn purchase order

A wholly-owned subsidiary of JS Corrugating Machinery has secured a purchase order agreement worth approximately RMB 1.005 billion (including tax) with a leading lithium battery enterprise's wholly-owned subsidiary. This contract represents 11.52% of the company's 2024 audited operating revenue and a significant 201.45% of its subsidiary's 2024 audited operating revenue. The agreement, signed on September 9, 2025, is effective upon signature and is expected to positively impact the company's operating results for 2025 and subsequent years.

The contract involves the supply of lithium battery equipment production lines and related services. While the agreement is substantial, the company notes that its fulfillment is subject to external macroeconomic changes, national policy shifts, customer demand fluctuations, and other force majeure events. The company has a history of similar transactions with this client.

The transaction is classified as a routine operating purchase agreement and does not involve related party transactions, thus not requiring approval from the board of directors or shareholders.