Shenzhen Zhaowei Machinery & Electronics (02692) Responds to A-share Stock Price Anomaly: Humanoid Siasun Robot&Automation-Related Revenue Accounts for a Very Low Proportion, No Large New Orders at Present

Shenzhen Zhaowei Machinery & Electronics (02692) announced that the closing price of the company's A-shares rose by a cumulative deviation of more than 20% over two consecutive trading days on October 22, 2026 and October 23, 2026. In accordance with the relevant provisions of the Shenzhen Stock Exchange, this constitutes an abnormal fluctuation in stock trading. Following a self-examination by the company and verification with the company's controlling shareholder and actual controller, as of the date of this announcement, there are no major matters that should be disclosed but have not been disclosed. In response to market attention regarding the company being a "humanoid Siasun Robot&Automation concept stock," the company's main business is the production, design, research and development, and sale of micro transmission and micro drive systems. Among the products sold by the company, revenue from business involving the humanoid Siasun Robot&Automation sector accounts for an extremely low proportion of the company's operating revenue. According to rough statistics, such business revenue does not exceed 1% of the company's operating revenue for the first half of 2026, and it is expected that this business will not have a material impact on the company's operating performance in 2026. The company has noted the high level of market attention on humanoid Siasun Robot&Automation and AI hardware products, and hereby clarifies as follows: The fields of humanoid Siasun Robot&Automation and AI hardware products belong to emerging industries or new scenario demands, which place higher requirements on the company's research and development and product design capabilities. The company's related products still require a relatively long period of time before large-scale mass production. Recently, the company has not added new major customers in this business segment, nor has it obtained or expects to obtain new large orders. At the same time, the progress of the company's product research and development and mass production in the relevant direction is affected by multiple factors such as the company's research and development investment, technological iteration, market environment, and customer demand, and there is uncertainty as to whether expected benefits can be achieved. Investors are advised to be aware of investment risks. Apart from the foregoing, the company has not identified any undisclosed material information reported in recent public media that may or has already had a significant impact on the company's stock trading price.