Announcement of the Resolution of the 34th Meeting of the 12th Board of Directors of Zhejiang Jinfei Kaida Wheel Co., Ltd.

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Stock Code: 002863 Stock Short Name: JINFEI KAI DĀ Announcement No.: 2026-017

Zhejiang Jinfei Kaida Wheel Co., Ltd.

Resolution of the 34th Meeting of the Fifth Session of the Board of Directors

Announcement

This company and all members of its board of directors hereby guarantee that the information disclosed is true, accurate, and complete, and contains no false statements, misleading representations, or material omissions.

I. Convening of the Board of Directors Meeting

The 34th meeting of the fifth session of the Board of Directors of Zhejiang Jinfei Kaida Wheel Co., Ltd. (hereinafter referred to as “Jinfei Kaida” or “the Company”) was held on March 30, 2026 in the Company’s conference room by a combination of in-person and communication-based methods. The notice for this meeting was issued on March 25, 2026 in the form of an email. The meeting was convened and presided over by Mr. Ge Bingzao, the chairman of the board. There should be 8 directors attending the meeting, and 8 directors attended in person. Among them, Mr. Ye Longqin, Mr. Wang Yaka, Mr. Hu Jianfeng, and Ms. Tu Di attended via communication-based methods. Certain senior management personnel of the Company attended the meeting. This meeting complies with the relevant provisions of the Company Law of the People’s Republic of China and the Articles of Association.

II. Deliberation of the Board of Directors Meeting

(I) The meeting approved the motion titled “Proposal on Applying for an Increase in the Amount of Comprehensive Credit Facilities” by 8 votes in favor, 0 votes against, 0 votes of abstention, and 0 votes in avoidance;

In accordance with the needs for normal production and operating turnover funds, the Company and its subsidiaries may, based on the Company’s production and operating plan, loan maturities, the use of bills, and other factors, apply to relevant financial institutions for comprehensive credit facilities with a total amount not exceeding RMB 60 million. The board of directors agrees that the Company and its subsidiaries apply to financial institutions for comprehensive credit facilities.

For details, please refer to the announcement titled “Announcement on Applying for an Increase in the Amount of Comprehensive Credit Facilities” disclosed by the Company on the same day on the Cninfo website (www.cninfo.com.cn) (Announcement No.: 2026-018).

III. Documents for Reference

1. The resolution of the 34th meeting of the Fifth Session of the Board of Directors of the Company.

Special notice is hereby given.

Board of Directors of Zhejiang Jinfei Kaida Wheel Co., Ltd.

April 1, 2026

Stock Code: 002863 Stock Short Name: JINFEI KAI DĀ Announcement No.: 2026-018

Zhejiang Jinfei Kaida Wheel Co., Ltd.

Announcement on Applying for an Increase in the Amount of Comprehensive Credit Facilities

This company and all members of its board of directors hereby guarantee that the information disclosed is true, accurate, and complete, and contains no false statements, misleading representations, or material omissions.

I. Basic Information on the Application for an Increase in the Credit Facilities Amount

On March 30, 2026, Zhejiang Jinfei Kaida Wheel Co., Ltd. (hereinafter referred to as “the Company”) convened the 34th meeting of the fifth session of the Board of Directors. The motion titled “Proposal on Applying for an Increase in the Amount of Comprehensive Credit Facilities” was deliberated and approved. It is agreed that the Company (including its subsidiaries) will apply to China CITIC Bank Co., Ltd. Yinchuan Branch for an additional comprehensive facility amount not exceeding RMB 30 million, and will apply to Ningxia Bank Co., Ltd. Zhongning Sub-branch for an additional comprehensive facility amount not exceeding RMB 30 million. The above-mentioned credit facility types include, but are not limited to, bank loans, bank acceptance bills, letters of credit, export invoice financing, bill pledges, and so on.

The final credit facility amount and term approved by the financial institutions shall prevail. The specific financing amounts will be determined according to the Company’s actual operating needs. During the credit facility term, the credit facility amount may be reused on a revolving basis. The chairman of the board of directors or an authorized agent designated by the chairman, within the scope of the credit facility amount under this proposal, shall decide on relevant matters and sign the specific documents for the relevant business (including, but not limited to, all legal documents such as contracts, agreements, application forms related to the credit facilities). All legal and economic responsibilities arising therefrom shall be borne entirely by the Company. The above authorization shall be valid from the time this proposal is approved by the board of directors until before the board of directors approves the proposal for the comprehensive credit facilities amount for the application year.

II. Documents for Reference

1. The resolution of the 34th meeting of the Fifth Session of the Board of Directors of Zhejiang Jinfei Kaida Wheel Co., Ltd.

Special notice is hereby given.

Board of Directors of Zhejiang Jinfei Kaida Wheel Co., Ltd.

April 1, 2026

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