Jimi Technology Co., Ltd. Regarding the Voluntary Disclosure of the Full Subsidiary Receiving the Customer Development Notification

Securities Code: 688696 Securities Abbreviation: XGIMI Announcement Number: 2026-012

XGIMI Technology Co., Ltd.

Announcement on Voluntary Disclosure of the Development Designation Notification Received by Wholly-Owned Subsidiary from a Customer

The Board of Directors and all directors of the company guarantee that there are no false records, misleading statements, or major omissions in this announcement, and they shall bear legal responsibility for the authenticity, accuracy, and completeness of its content in accordance with the law.

I. Overview of the Development Designation Notification Received from the Automotive Company

XGIMI Technology Co., Ltd. (hereinafter referred to as the “Company”)’s wholly-owned subsidiary Yibin XGIMI Optoelectronics Co., Ltd. (hereinafter referred to as “Yibin XGIMI”) recently received a development designation notification from a well-known domestic automotive manufacturer (hereinafter referred to as the “Customer”). Yibin XGIMI will become the in-car projection supplier for a certain model of this customer. Yibin XGIMI will strictly adhere to the customer’s order requirements and complete the development, testing verification, production preparation, and delivery of the specified products within the stipulated time.

II. Impact on the Company

Since entering the automotive field, the company has secured designated projects with several new energy vehicle customers and well-known automotive manufacturers. The projects cover intelligent cockpits and intelligent headlight components. The company’s in-car products have been recognized by well-known customers in the domestic and international automotive industry chain. The company will continue to deepen its technological accumulation, innovate solutions, and manage production quality excellently, maintaining close cooperation with customers, actively responding to their strategic planning and needs, and expanding more high-quality customers and projects to drive the sustainable and healthy development of the in-car optical business.

This designation is a direct result of the company implementing its “Quality Improvement and Efficiency Enhancement” strategy and is a high-quality commercial landing project for the company’s in-car business, aligning with the long-term development plan of the in-car business. The acquisition and implementation of this project will help the company expand and sustain its smart cockpit display business, enhance its sustainable development capabilities, and align with the interests of the company and its shareholders. The development designation notification does not constitute an order or sales contract, and it is expected that this project will not have a significant impact on the operating performance for this fiscal year. Once the products involved in this development designation are mass-produced, the company will recognize product revenue based on the actual order delivery situation from this customer, and it is expected to have a positive impact on the company’s operating performance throughout the project lifecycle.

III. Risk Warning

1. After Yibin XGIMI receives the development designation notification from the customer, both parties have entered into a performance phase, but this does not constitute a substantial order. The actual supply time, supply price, and supply quantity of the involved products are subject to the supply agreement or sales contract formally signed between Yibin XGIMI and the customer, thus there is still uncertainty in the company’s supply volume.

2. Although both parties to the contract have the ability to perform, various reasons such as obstacles in product development or supply quality not meeting standards may lead to changes, suspensions, or terminations of the project during the order fulfillment process. Additionally, unforeseen or force majeure factors such as policy changes or market conditions may pose risks to the normal execution of the contract.

3. In response to the above risks, Yibin XGIMI will strictly comply with the customer’s order requirements, actively work on product research and development, production, and delivery, and strengthen risk control to reduce the possible impacts of the aforementioned risks. Meanwhile, factors like the customer’s vehicle production and sales plans, automotive market conditions, and macroeconomic environment may also affect the final implementation of the project. Investors are advised to pay attention to investment risks.

This announcement is made.

Board of Directors of XGIMI Technology Co., Ltd.

March 19, 2026

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