Shaanxi Aerospace Power High-Tech Co., Ltd. Announcement on Investment and Construction Projects of Subsidiaries

Stock Code: 600343 Stock Abbreviation: Aerospace Power Document Number: Lin 2026-009

Shaanxi Aerospace Power High-Tech Co., Ltd.

Announcement on Subsidiary Investment Construction Project

The board of directors of the company and all directors guarantee that there are no false records, misleading statements, or significant omissions in this announcement, and assume legal responsibility for the authenticity, accuracy, and completeness of its content.

Important Content Reminder:

● Investment Target Name: Precision Processing Capability Construction Project for Components.

● Investment Amount: 81 million yuan.

● This investment does not require submission to the company’s shareholders’ meeting for deliberation, does not involve related party transactions, and does not constitute a major asset reorganization as defined by the “Administrative Measures for Major Asset Reorganizations of Listed Companies.”

I. Overview of Investment Situation

Shaanxi Aerospace Power High-Tech Co., Ltd. (hereinafter referred to as the company) subsidiary Xi’an Yuanxin Aerospace Power Fluid Equipment Co., Ltd. (hereinafter referred to as Yuanxin) relies on the management experience of the previous component processing business unit, fully leveraging its technical advantages in precision processing, plans to expand its existing processing capabilities, and intends to invest 81 million yuan, mainly focusing on the purchase of related equipment and the configuration of flexible automated production lines to expand capacity while reducing production costs and improving equipment utilization.

The company held the 15th meeting of the 8th board of directors on March 17, 2026, and deliberated and approved the proposal on the investment construction project of the subsidiary. This investment does not require submission to the company’s shareholders’ meeting for deliberation, does not involve related party transactions, and does not constitute a major asset reorganization as defined by the “Administrative Measures for Major Asset Reorganizations of Listed Companies.”

II. Basic Information of the Investment Entity

Company Name: Xi’an Yuanxin Aerospace Power Fluid Equipment Co., Ltd.

Unified Social Credit Code: 916100006751156580

Establishment Date: 2008-05-20

Registered Capital: 189.145855 million yuan

Registered Address: No. 78 Jinye Road, High-tech Zone, Xi’an, Shaanxi Province

Legal Representative: Liu Xinzhu

Business Scope: General projects: manufacturing of hydraulic power machinery and components; manufacturing of hydraulic power machinery and components; sales of hydraulic power machinery and components; manufacturing of bearings, gears, and transmission components; sales of bearings, gears, and transmission components; manufacturing of gears and gear reducers, gearboxes; sales of gears and gear reducers, gearboxes; manufacturing of testing machines; sales of testing machines; manufacturing of electronic components; retail of electronic components; manufacturing of general equipment (excluding special equipment manufacturing); R&D of automotive parts; manufacturing of automotive parts and accessories; processing of mechanical parts and components; sales of mechanical parts and components; repair of general equipment; technical services, technical development, technical consulting, technical exchanges, technology transfer, technology promotion; R&D of mechanical equipment; import and export of goods; technology import and export; import and export agency; domestic trade agency; sales agency. (Except for projects that require approval according to law, business activities are carried out independently according to the business license) Licensed projects: inspection and testing services. (Projects requiring approval according to law can only be carried out after approval by relevant departments, and the specific business projects are subject to the approval results).

Recent Financial Data:

Unit: Ten thousand yuan

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Yuanxin is a holding subsidiary of the company, with a clear ownership structure, no property disputes, no mortgages, guarantees, or other rights being restricted, and is not a dishonest executor.

III. Basic Information of the Investment Project

Project Name: Precision Processing Capability Construction Project for Components.

Project Construction Location: Inside the Yuanxin Factory in the Aerospace Power Park, High-tech Zone, Xi’an.

Core Construction Content: Adding 26 units of process equipment, including 8 units of valve component processing equipment and supporting automated lines, and 18 units of component processing equipment and supporting automated lines, while simultaneously adjusting the process layout area of 2967.6㎡.

Project Investment Amount: 81 million yuan.

Funding Source: Own funds.

Construction Period: 24 months.

IV. Impact on the Listed Company

This capacity construction mainly aims to enhance Yuanxin’s mass processing capability for components, enabling Yuanxin to have the automated, low-cost mass processing capability for high-precision products. This not only allows for mass processing of components but also extends to mass processing of related products for industries such as aviation, shipping, oil, and automotive, meeting market demand and aligning with the company’s development strategy.

The implementation of this project will help improve the layout of production capacity, aligning with the company’s overall business strategic plan; the funding source for this project is Yuanxin’s own funds, which will not affect the company’s normal production and operation.

V. Risk Analysis

This project is based on the company’s judgment considering the current market environment, industry development trends, and the long-term strategic planning of itself and its subsidiaries. The implementation and operation of the project may be affected by multiple risk factors such as macro policies, market competition, and technological iteration.

Response Measures: In terms of macro policies, the company will continuously track national industrial policy trends, establish a policy risk early warning mechanism, and prepare plans in advance; in terms of market competition, actively expand customers in multiple fields and explore applying high-end manufacturing capabilities to other high-tech barrier fields to disperse risks; in terms of technological iteration, the equipment procurement will consider forward-looking selection and reserve upgrade interfaces, establish a special process R&D project, deepen industry-university-research cooperation, and implement a “combined introduction and cultivation” talent strategy to build a high-level technology team.

This announcement is hereby issued.

Board of Directors of Shaanxi Aerospace Power High-Tech Co., Ltd.

March 19, 2026

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