Shenma Electric: is currently planning to invest and build factories in Vietnam and Romania. The specific investment scale has not yet been determined.

Shenma Power announced on November 5th that there was abnormal fluctuation in stock trading. The closing prices of the company's stock on November 3rd, 4th, and 5th deviated by more than 20% cumulatively, which qualifies as abnormal stock trading fluctuation according to relevant regulations. The company is planning to invest in building factories in Vietnam and Romania, but the specific investment scale has not been determined yet. The company will convene a board meeting to review the relevant proposals as soon as possible. Up to now, the company's main business activities remain focused on research, development, production, and sales of products such as power system substation composite external insulation, transmission and distribution line composite external insulation, and rubber sealing components. There have been no major changes in the company's main business activities and production operations. The company's production and operations are normal, the internal production and operation order is normal, and there have been no major changes in the operational fundamentals and main business structure. The internal and external operating environment also has not seen any major changes.