Aerospace Intelligent Manufacturing: Special report on the storage, management and use of funds raised in the first half of 2026

Securities code: 300446 Securities abbreviation: Aerospace Intelligent Manufacturing Announcement number: 2026-067

Aerospace Intelligent Manufacturing Technology Co., Ltd.

Special report on the storage, management and use of funds raised in the first half of 2026

The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete, and contains no false records, misleading statements or major omissions.

According to the "Supervision Rules for Funds Raised by Listed Companies" and "Shenzhen Stock Exchange Self-Regulatory Guidelines for Listed Companies No. 2 - Standardized Operations of GEM Listed Companies" and other relevant regulations, Aerospace Intelligent Manufacturing Technology Co., Ltd. (hereinafter referred to as the "Company") reports on the storage, management and use of funds raised for the first half of 2026 as follows:

1. Basic situation of raised funds

(1) Actual amount of funds raised and time of fund arrival

After the China Securities Regulatory Commission issued the "Reply on the Registration of Baoding Lekai New Materials Co., Ltd.'s Issuance of Shares to Purchase Assets and Raise Supporting Funds" (CSRC Permit [2023] No. 1371), and with the consent of the Shenzhen Stock Exchange, the company issued 179,487,179 shares to specific objects this time, raising a total of RMB 2,099,999,994.30 yuan, excluding underwriting. The underwriting fee, excluding tax, was RMB 27,299,999.93, and the actual monetary funds received were RMB 2,072,699,994.37 (including capital verification fees, securities registration fees, etc., totaling RMB 469,327.53). The above-mentioned raised funds were transferred to the company's special fund-raising account on November 17, 2023, and were verified by Grant Thornton Accounting Firm (Special General Partnership) and issued a "Capital Verification Report" (Grant Thornton Yanzi [2023] No. 110C000532).

(2) Use and balance of raised funds

1. Amount used in previous years

As of December 31, 2025, the company has invested a total of 1,406,837,600 yuan of raised funds, and the unused amount is 694,812,800 yuan (including 665,393,100 yuan of raised funds, and 29,419,700 yuan of accumulated interest in special account storage minus handling fees).

2. Amount used and current balance during the reporting period

In the first half of 2026, the company used raised funds of 53.4486 million yuan. As of June 30, 2026, the company has used a total of 1.4602862 million yuan of raised funds, and the unused amount is 642.0151 million yuan (including 611.9445 million yuan of raised funds, and 30.0706 million yuan of accumulated interest deducted from handling fees in special accounts).

2. Storage and management of raised funds

(1) Management of raised funds

In order to standardize the management and use of raised funds and protect the interests of investors, in accordance with the "Company Law of the People's Republic of China", "Securities Law of the People's Republic of China", "Measures for the Administration of Securities Issuance Registration of Listed Companies", "Supervisory Rules for Funds Raised by Listed Companies", "Shenzhen Stock Exchange GEM Stock Listing Rules", "Shenzhen Stock Exchange Self-Discipline Supervision Guidelines for Listed Companies No. 2" No. "Standardized Operation of GEM Listed Companies" and "Articles of Association" and other relevant regulations, combined with the company's actual situation, the company formulated the "Raised Fund Management Regulations", which made clear regulations on the storage, use and management of raised funds, ensuring the standardized use of raised funds in the system, and strictly abiding by them in the actual use process.

According to the above relevant regulations, the company implements special account management for raised funds. The company and its affiliated companies that implement the fundraising projects, Chengdu Aerospace Molding Co., Ltd. (hereinafter referred to as "Aerospace Molding"), Sichuan South Aerospace Energy Technology Co., Ltd. (hereinafter referred to as "Aerospace Energy"), Chengdu Aerospace Molding Nanjing Co., Ltd. (hereinafter referred to as the "Nanjing Company"), and Qingdao Huatao Automobile Mold Co., Ltd. (hereinafter referred to as "Qingdao Huatao") have already completed the project on December 15, 2023. On May 23, 2024, a "Tripartite Supervision Agreement for Raised Funds" was signed with the independent financial consultant China International Capital Corporation and the commercial bank where the raised funds are deposited. Based on the change in the use of raised funds, a "Supplementary Agreement to the Tripartite Supervision Agreement for Raised Funds" was signed on May 23, 2024, which clarified the rights and obligations of all parties. There are no major differences between the above agreement and the three-party supervision agreement template, and the company will strictly abide by it when using the raised funds.

(2) Deposits of raised funds in special accounts

As of June 30, 2026, the deposit status of funds raised by the company and its subsidiaries in special accounts is as follows:

Special account balance account opening entity Account opening bank Bank account number

(Ten thousand yuan) Aerospace Intelligent Manufacturing Technology Industrial and Commercial Bank of China Co., Ltd.

4402086019100133174 417.04 Co., Ltd. Chengdu Hangtian Road Branch

Chengdu Aerospace Molding Bank of Communications Co., Ltd.

5115112700130030626

212.53 Co., Ltd. Chengdu Longquanyi Branch 50

Chengdu Aerospace Molding China Merchants Bank Co., Ltd.

027900230310001 3,446.50 Co., Ltd. Chengdu Longquanyi Branch

Chengdu Aerospace Molding China Merchants Bank Co., Ltd.

125916356710001 52.32 Nanjing Co., Ltd. Nanjing Jiangning Science Park Branch

Qingdao Huatao Automobile China Merchants Bank Co., Ltd.

755903044110077 0.03 Mold Co., Ltd. Qingdao Jimo Sub-branch

Sichuan Aerospace Energy Bank of China Co., Ltd.

123982958035 2,973.18 Technology Co., Ltd. Luzhou Branch

Total 7,101.51

The ending balance of funds in the special account for raised funds is RMB 571 million less than the balance of unused raised funds (excluding interest) for the following reasons:

The company and its subsidiaries conduct cash management of temporarily idle raised funds in accordance with the resolution of the board of directors. As of June 30, 2026, the amount of bank structured deposit products that have not yet matured is 571 million yuan. The details are as follows:

Amount (10,000) Start End Bank Name Product Name

Yuan) Date Date Industrial and Commercial Bank of China Interval Cumulative Legal Person RMB Structural

2026/ 2026/ICBC 45,500.00

Deposit products-Special account type 2026 No. 011 W payment 01/07 12/29 Bank Co., Ltd.

Industrial and Commercial Bank of China interval cumulative legal person RMB structure

2026/ 2026/company 10,700.00

Deposit Products - Special Account 2026 Issue 011 V Section 01/07 8/25 China Merchants Bank Stock China Merchants Bank Gold Series Bullish Two-layer Interval 91-day Structure

2026/ 2026/

900.00

Limited Company Sex Deposit 04/17 07/17

Total 57,100 - -

3. Actual use of funds raised during the reporting period

For details on the actual use of funds raised during the reporting period, please see Appendix 1 of this report, "Comparison of the Use of Raised Funds".

4. Change the use of funds for investment projects

For details on the changes in investment projects with raised funds during the reporting period, please refer to the "Announcement on the Partial Delay and Partial Termination of Implementation of Investment Projects with Raised Funds" disclosed by the company on March 31, 2026 on cninfo.com. Please refer to Appendix 2 of this report "Changes in the use of funds raised for investment projects" for details of the change in the use of funds raised for investment projects.

5. Problems in the use and disclosure of raised funds

As of June 30, 2026, the company has managed and used the raised funds in accordance with the "Regulations on the Supervision of Funds Raised by Listed Companies", "Shenzhen Stock Exchange Self-Regulatory Supervision Guidelines for Listed Companies No. 2 - Standardized Operation of GEM Listed Companies" and other relevant regulations. There has been no failure to disclose relevant information on the use of raised funds in a timely, true, accurate and complete manner. There are no violations in the storage, use, management and disclosure of raised funds.

Announcement is hereby made.

Board of Directors of Aerospace Intelligent Manufacturing Technology Co., Ltd. August 29, 2026 Attachment 1

Comparison table of usage of raised funds

Prepared by: Aerospace Intelligent Manufacturing Technology Co., Ltd. First half of 2026 Amount unit: 10,000 yuan

Investment and fundraising during the reporting period

Total funds raised 210,000.00 21,903.23

Total funds

The total amount of raised funds whose purpose was changed during the reporting period 6,647.86

Accumulated investment in fundraising

Cumulative total amount of raised funds changed in use 46,946.74 140,683.76

Total funds

The cumulative proportion of total raised funds that have been changed in use is 22.66%

Whether the project is feasible and the committed investment project has been changed. Raised funds were accumulated as of the end of the period. Investments were made as of the end of the period. The project has reached the forecast. Has it been reached during this reporting period?

Adjusted investment During this reporting period, whether there has been any significant change in investment amount (including committed investment). Total investment amount (%) (3) = estimated total investment amount (1) Investment amount has undergone major changes (partial change) (2) (2) (2)/(1) Status date Benefits

commitment investment projects

1. Shale gas development

Intelligent equipment upgrade Yes 18,668.04 0.00 0.00 0.00 0.00% Terminated Not applicable Not applicable It is a renovation project

2. Military blasters

Material production line automatic

Yes 17,102.33 10,454.47 531.86 8,031.16 76.82% September 2026 Not applicable Not applicable No upgrade and renovation projects

Head

3. Sichuan Aerospace Energy

Yuan Technology Co., Ltd. Yes 18,406.66 0.00 0.00 0.00 0.00% Terminated Not applicable Not applicable It is the company’s R&D center built

Set up projects

4. Annual output of 540,000 sets of automotive interior and exterior trim parts Yes 13,925.04 3,362.93 0.00 2,984.80 88.76% June 2024 -508.75 Yes No Production Project

5. Foshan Aerospace Huatao Automotive Plastic Trim Parts Co., Ltd.

Yes 11,991.53 0.00 0.00 0.00 0.00% Terminated Not applicable Not applicable It is a vehicle interior and exterior trim parts (expansion) construction project

6. The newly built Chengdu Aerospace Molding Nanjing Co., Ltd.

Yes 9,976.74 11,275.62 71.60 10,371.30 91.98% September 2025 916.79 No No Co., Ltd. Automotive Interior and Exterior Production Project 7. Chengdu Aerospace Molding Co., Ltd. R&D Center and Yes 17,745.24 0.00 0.00 0.00 0.00% Terminated Not applicable Not applicable It is a mold center construction project

8. Smart cockpit and Chengdu Aerospace Molding Co., Ltd. Yes 0.00 39,000.00 4,741.40 25,238.29 64.71% December 2026 Not applicable Not applicable No Autonomous driving integration construction project

9. Supplement liquidity

No 99,407.49 99,407.49 0.00 99,403.07 99.996% Not applicable Not applicable Not applicable No Gold 1

Commitment to investment projects

• 207,223.07 163,500.51 5,344.86 146,028.62 89.31% - 408.04 - -

Subtotal

Investment direction of super-raised funds

Investment direction of super-raised funds

None

Subtotal

Total - 207,223.07 163,500.51 5,344.86 146,028.62 89.31% - 408.04 - -

1. During the implementation of the "Military Explosive Equipment Production Line Automation Upgrading Project", due to changes in external factors such as the macroeconomic situation, industry environment and market demand, the company, in line with the principle of prudent investment, slowed down the implementation progress of the project, resulting in a certain difference between the actual investment progress of the project and the original planned investment progress. In order to better match the company's production capacity utilization rate with market demand, reduce the investment risk of raised funds, and improve the efficiency of the use of raised funds, the company has cautiously and appropriately adjusted the construction period of the "Military Explosive Equipment Production Line Automation Upgrading and Renovation Project". As long as the project implementation entity, the purpose of the raised funds, and the scale of investment do not change, the date for the raised investment project to reach the scheduled usable state has been extended to September 30, 2026; the reason for selecting "not applicable" for "whether the expected benefits have been achieved" is that the planned progress has not been achieved during the reporting period. The project is still under construction.

Degree or expected income 2. The company disclosed the "Announcement on the Partial Delay and Partial Termination of Implementation of Raised Fund Investment Projects" (2026-021) on March 31, 2026, and terminated the implementation of the "Situation and Reasons for Shale Gas Development Intelligent Equipment Upgrading and Transformation Project" and the "Sichuan South Aerospace Energy Technology Co., Ltd. R&D Center Construction Project".

(Divided into specific items 3. The company disclosed the "Announcement on the Termination and Adjustment of Some Fund-raising Projects and New Fund-raising Projects" (2024-011) on April 3, 2024, regarding "Foshan Aerospace Huamu") Tao Automotive Plastic Trim Co., Ltd. Automotive Interior and Exterior Trim (Expansion) Construction Project" and "Chengdu Aerospace Molding Co., Ltd. R&D Center and Mold Center Construction Project" will be terminated; the "Annual Output of 540,000 Sets of Automotive Interior and Exterior Trim Production Project" and the "New Chengdu Aerospace Molding Nanjing Co., Ltd." will be terminated. Co., Ltd. Automotive Interior and Exterior Decoration Production Project" will be adjusted, involving changes in the project name, implementation location, implementation entity, investment amount of the raised investment project, etc.; part of the raised funds after the adjustment will be invested in the newly added "Chengdu Aerospace Molding Co., Ltd. Smart Cockpit and Autonomous Driving Integration Construction Project."

4. During the implementation of the "Chengdu Aerospace Molding Co., Ltd. Smart Cockpit and Autonomous Driving Integration Construction Project", due to the long time spent in land acquisition, pre-approval procedures for project construction, and preparation and review of bidding documents, the project's original implementation plan, advancement pace, and capital investment were affected to a certain extent. as a guarantee item

1 After the report format is adjusted, the investment amount of raised funds is filled in according to the net amount. Therefore, the investment amount of the "supplementary working capital" project is adjusted to the balance after deducting the underwriting securities company's tax-exclusive underwriting fee of 27.30 million yuan and the capital verification fee and securities registration fee of 469,300 yuan. In order to successfully complete the purpose and improve the efficiency of the use of raised funds, the company cautiously and appropriately adjusted the construction period of the "Chengdu Aerospace Molding Co., Ltd. Smart Cockpit and Autonomous Driving Integration Construction Project" and extended the date when the raised investment project reaches the scheduled usable state to December 31, 2026; the reason for selecting "not applicable" in "Whether the expected benefits have been achieved" is that the project was still under construction during the reporting period.

5. The construction of the "New Chengdu Aerospace Molding Nanjing Co., Ltd. Automotive Interior and Exterior Production Project" was completed in September 2025. As of the reporting period, it was overall profitable, but the profit level was lower than expected. The reason for the failure to achieve the expected benefits is that due to the continued weakening of market demand in the automotive industry, the order volume this year has shrunk and the purchase volume of core customers has declined.

6. The shale gas development intelligent equipment upgrading and transformation project is planned and formulated based on the development requirements of "less manpower" and "unmanned" in the civil explosive industry. The company needs to improve the automation level of the production line, improve the overall supporting production capacity of the shale gas underground intelligent equipment, and improve production efficiency. Affected by the market environment, the growth rate of shale gas production continues to slow down. At the same time, as the third-party completion equipment machining industry cluster accelerates to take shape, the company can use the existing completion equipment production capacity and outsourced processing capabilities to meet the current order demand. Compared with the current actual situation, the project plan has undergone major changes. The feasibility of this project has significantly changed, and the project has been terminated.

7. The R&D center construction project of Sichuan Aerospace Energy Technology Co., Ltd. is planned and formulated to meet the company’s needs for professional systematic and intelligent research and development of high-end completion equipment and other areas, and to provide a trial production platform for the industrialization development of new technologies. Affected by the market environment, the commercial application of technology has fallen short of expectations, and there is insufficient urgency to build R&D capabilities. At the same time, as internal and external cooperation capabilities continue to improve, R&D capabilities have met current production needs, and the project planning has changed significantly compared with the current actual situation. The feasibility of the project has changed significantly. The feasibility of the project has changed significantly, and the project has been terminated.

8. The feasibility of the "Foshan Aerospace Huatao Automotive Plastic Trim Co., Ltd. Automotive Interior and Exterior Trim (Expansion) Construction Project" has undergone significant changes. The main reason is that the project was planned and formulated based on the product scale, product type, product process requirements and other factors required by the original partner OEM at that time. Affected by the market environment, the customer's product process route has undergone major changes, from "negative mold adsorption + laser weakening" at the time of project placement to "genuine leather covering + 3DMESH back foam + sewing weakening". At the same time, no fixed orders from other OEMs have been obtained yet. The project planning has changed significantly compared with the current actual situation. The feasibility of this project has changed significantly, and the project has been terminated.

9. The feasibility of the "Chengdu Aerospace Molding Co., Ltd. R&D Center and Mold Center Construction Project" has undergone major changes. The main reason is that the company has adapted to the intelligent development trend of the automotive industry, improved the level of product intelligence, and strengthened the "headquarters R&D + local mass production" industrial layout to improve the company's R&D capabilities. Chengdu Aerospace Mold Plastic Co., Ltd. R&D Center and Mold Center Construction Project Part of the construction of the R&D center was combined with the actual needs of the current R&D and production of aerospace molding, and the "Chengdu Aerospace Molding Co., Ltd. Smart Cockpit and Autonomous Driving Integration Construction Project" was re-planned. The feasibility of this project has undergone major changes, and the project has been terminated. Overfunded funds

Not applicable

Amount, purpose and use

Use progress

The company disclosed the "Announcement on the Termination and Adjustment of Some Fund-raising Projects and New Fund-raising Projects" (2024-011) on April 3, 2024, "New Chengdu Aerospace Molding Fund Raising Investment

Nanjing Co., Ltd. Automobile Interior and Exterior Decoration Production Project" is to improve the efficiency of project fund use, improve the company's existing customer structure, and cater to the development trend of the automobile industry in the Yangtze River Delta region. The project implementation location

In order to increase the construction of "Wuhu Production Base", the implementation location was changed from an implementation location in Nanjing Lishui Economic Development Zone of the original investment project to Nanjing Lishui Economic Development Zone. Changes

Two implementation locations in Jiujiang District, Wuhu.

Raise funds for investment

Project implementation method Not applicable

Adjustment

The company held the 10th meeting of the fifth board of directors on April 18, 2024, and reviewed and approved the "Investment of Self-raised Funds on the Use of Raised Funds to Replace Pre-Investment in Raised Investment Projects"

"Jin's Proposal", the Board of Supervisors and the independent financial advisor all expressed their agreement, and Grant Thornton Accounting Firm (Special General Partnership) conducted certification. The company invests in advance according to the project

The board of directors decided to carry out the replacement, and the total replacement funds were RMB 76.6071 million. For details, please refer to the company’s disclosure and replacement information on cninfo.com on April 22, 2024.

"Announcement on the use of raised funds to replace self-raised funds pre-invested in raised investment projects".

Use idle funds to raise funds

Temporary supplementary flow of funds Not applicable

working capital situation

Use idle funds to raise funds

The company carried out cash management of idle raised funds in accordance with the resolution of the board of directors. The main product is bank structured deposits. During the reporting period, a total income of 513,700 yuan was obtained. Cutting off money for cash management

As of the end of the reporting period, the balance of bank structured deposit products that have not yet expired was RMB 571 million.

management situation

1. The "Production Project with an annual output of 540,000 sets of automotive interior and exterior trim parts" (named after the change to "Production Project with an annual output of 240,000 sets of automotive interior and exterior trim parts") has been completed and accepted. The remaining funds are 3.7813 million yuan (excluding interest income, the actual amount is subject to the amount determined to be used for other purposes after review), which will be temporarily retained for subsequent implementation of other projects.

project construction or replenish working capital. The reason for the surplus funds is: savings in investment in some detailed projects.

Fund raising savings

2. The "New Chengdu Aerospace Molding Nanjing Co., Ltd. Automotive Interior and Exterior Production Project" has been completed and accepted, with a savings of 2.0809 million yuan (excluding interest income, actual amount and reason)

The actual amount shall be subject to the amount determined to be used for other purposes after review), which will be temporarily retained for subsequent construction of other projects or supplement of working capital. The reason for the surplus funds is: there is savings in investment in some detailed projects.

1. The company held the 23rd meeting of the fifth board of directors on March 27, 2026, and reviewed and approved the "Proposal on Using Idle Funds for Cash Management". Without affecting the company's normal operations and use of raised funds, the company and its subsidiaries plan to use idle raised funds not exceeding RMB 750 million (inclusive) to invest in cash management products such as structured deposits with high security, good liquidity, relatively stable income and a term of no more than 12 months. Whereabouts 2. As of June 30, 2026, the amount of idle raised funds used by the company to carry out cash management business does not exceed the limit approved by the company’s board of directors, and

All are deposited in a special account for raised funds.

Use of raised funds

and exist in the disclosure

None

questions or other

situation

Schedule 2

Changes in the status of investment projects with raised funds

Preparation unit: Aerospace Intelligent Manufacturing Technology Co., Ltd. First half of 2026 Amount unit: 10,000 yuan Changed item As of the end of the period The project reached the changed item This reporting period Investment as of the end of this reporting period

The actual cumulative investment of the project is expected to be achieved. Whether the project feasibility is achieved is the actual investment of the original committed project corresponding to the changed project. Investment progress (3) = achieved results

Amount of investment of raised funds Calculating benefits on the day of use Whether significant amounts have occurred (2)/(1) Benefits

Total (1) (2) Period Change

Smart equipment for shale gas development

1. Termination 0.00 0.00 0.00 0.00% Termination Not applicable Not applicable No

Equipment upgrade and renovation project

2. Production of military explosive equipment Production of military explosive equipment

Production line automation upgrade and modification Line automation upgrade and modification 10,454.47 531.86 8,031.16 76.82% September 2026 Not applicable Not applicable No construction project Project

Sichuan Aerospace Energy Technology

3. Termination of the R&D Center of the Co., Ltd. 0.00 0.00 0.00 0.00% Termination Not applicable Not applicable No construction project

Foshan Aerospace Huatao Automobile

Plastic Trim Co., Ltd.

4. Termination 0.00 0.00 0.00 0.00% Termination Not applicable Not applicable No Automotive interior and exterior trim parts (expanded

construction) construction projects

Chengdu Aerospace Molding Co., Ltd.

5. Termination R&D Center of the Company 0.00 0.00 0.00 0.00% Terminated Not applicable Not applicable No

and mold center construction project

Head

6. Annual output of 240,000 sets of automobiles and annual output of 540,000 sets of automobile interiors

3,362.93 0.00 2,984.80 88.76% June 2024 -508.75 Yes No Exterior and interior trim parts production project Exterior trim parts production project

7. New Chengdu Aerospace Mold New Chengdu Aerospace Mold

Plastic Nanjing Co., Ltd. Automobile Nanjing Co., Ltd. Automobile 11,275.62 71.60 10,371.30 91.98% September 2025 916.79 No No Car interior and exterior decoration production project Interior and exterior decoration production project

8. Chengdu Aerospace Molding Co., Ltd.

Limited liability company smart seat

• 39,000.00 4,741.40 25,238.29 64.71% December 2026 Not applicable Not applicable No integration of cabin and autonomous driving

construction project

Total - 64,093.02 5,344.86 46,625.55 - - 408.04 - -

1. The main reason for the adjustment of the automation upgrade and transformation project of the military blasting equipment production line is: based on the batch production task status of the military blasting equipment self-research project, the newly acquired large-volume grain production task, the changes in the newly added pyrotechnics collaborative production tasks, and the overall planning of information construction, etc., the construction goals of the "Military Explosive Equipment Production Line Automation Upgrade and Transformation Project" were adjusted, and the process equipment and workshop reconstruction and expansion construction content of this project were adjusted accordingly. In order to improve the efficiency of the use of project funds, the company has made corresponding adjustments to the construction objectives, construction content, investment amount and construction cycle of the original project after careful consideration. The company held the 21st meeting of the fifth board of directors on October 27, 2025, and reviewed and approved the "Proposal on Adjusting the Automation Upgrading and Renovation Project of the Military Explosive Equipment Production Line", and the independent financial consultant issued a concurring opinion. The company disclosed the "Announcement on Adjusting Investment Projects with Raised Funds" (2025-074) on the cninfo.com on October 29, 2025. Reasons for change, decision-making process in 2025

On November 14, the company held its fourth extraordinary shareholders' meeting in 2025, which reviewed and approved the "Regulations on Adjusting the Automation Upgrading and Transformation Project of Military Explosive Equipment Production Lines and Information Disclosure"

Proposal", and announced the resolution of the shareholders' meeting on the same day.

Ming (divided into specific projects)

2. The "Shale Gas Development Intelligent Equipment Upgrading Project" has been terminated. The main reason is that the project is planned and formulated based on the development requirements of "less manpower" and "unmanned" in the civil explosive industry. The company needs to improve the automation level of the production line, improve the overall supporting production capacity of shale gas underground intelligent equipment, and improve production efficiency. Affected by the market environment, the growth rate of shale gas production continues to slow down. At the same time, as the third-party completion equipment machining industry cluster accelerates, the company can use the existing completion equipment production capacity and outsourced processing capabilities to meet the current order demand. Compared with the current actual situation, the project planning has changed significantly, and the project feasibility has undergone major changes.

3. The "Sichuan South Aerospace Energy Technology Co., Ltd. R&D Center Construction Project" has been terminated. The main reason is that the project was planned and formulated to meet the company's needs for professional systematic and intelligent research and development of high-end well completion equipment and to provide a trial production platform for the industrialization development of new technologies. Affected by the market environment, the commercial application of technology has fallen short of expectations, and there is insufficient urgency to build R&D capabilities. At the same time, as internal and external cooperation capabilities continue to improve, R&D capabilities have met current production needs, project planning has changed significantly compared with the current actual situation, and project feasibility has undergone major changes.

4. In response to the above-mentioned adjustments 2 to 3, the company held the 23rd meeting of the fifth board of directors on March 27, 2026, and reviewed and approved the "Proposal on the Partial Delay and Partial Termination of the Implementation of Investment Projects with Raised Funds", and the independent financial consultant issued a concurring opinion. The company disclosed the "Announcement on Partial Delay and Partial Termination of Implementation of Raised Fund Investment Projects" (2026-021) on cninfo.com on March 31, 2026. On April 24, 2026, the company held the 2025 annual shareholders' meeting, which reviewed and approved the "Proposal on Partial Delay and Partial Termination of Implementation of Investment Projects with Raised Funds". The company disclosed the announcement of the resolution of the shareholders' meeting on the same day.

5. The implementation of the "Foshan Aerospace Huatao Automotive Plastic Trim Co., Ltd. Automotive Interior and Exterior Trim (Expansion) Construction Project" has been terminated. The main reason is that it was planned and formulated based on factors such as product scale, product type, and product process requirements required by the original partner OEM at that time. Affected by the market environment, the customer's product process route has undergone major changes, from "negative mold adsorption + laser weakening" when the project was designated to "genuine leather covering + 3DMESH back foam + sewing weakening". At the same time, no designated orders from other OEMs have been obtained yet, and the project plan has changed significantly compared with the current actual situation.

6. The "Chengdu Aerospace Molding Co., Ltd. R&D Center and Mold Center Construction Project" has been terminated. The main reason is that in order to comply with the intelligent development trend of the automotive industry, improve the level of product intelligence, strengthen the "headquarters R&D + local mass production" industrial layout, and improve the company's R&D capabilities, part of the construction content of the project does not meet the actual needs of Aerospace Molding's current R&D and production, so the Chengdu Aerospace Molding Co., Ltd. Smart Cockpit and Autonomous Driving Integration Construction Project was re-planned.

7. The adjustment of the production project of automobile interior and exterior trim parts with an annual output of 540,000 sets is mainly due to: based on the customer order situation at that time, in order to meet customer order needs and expand Qingdao Huatao's production capacity and product delivery capacity planning and design. However, during the execution of the project, due to changes in the market environment, the customer's planning and market positioning for its new products also changed. The customer adjusted the original product plan and canceled the lightweight all-plastic tailgate with high use value. At the same time, in order to reduce development costs, the main instrument panel continued to use the original supplier. As a result, Qingdao Huatao did not obtain the supporting products of the customer's all-plastic tailgate and main instrument panel. The original project plan was inconsistent with the current actual situation and needed to be adjusted.

8. The adjustment of the "New Chengdu Aerospace Molding Nanjing Co., Ltd. Automotive Interior and Exterior Production Project" is mainly due to the following reasons: production capacity planning and design were planned and formulated based on factors such as product scale, product type, and product process requirements required by the original OEM that was intended to cooperate at that time. Affected by the market environment, the customer's product positioning and product structure have changed, resulting in changes in the product's process route. Products that originally used the negative mold adsorption process have all been adjusted to slush molding and foaming processes. There is no need to invest in negative mold molding and laser weakening equipment that match the negative mold process for the time being. At the same time, according to the latest production situation of aerospace molding, there is surplus capacity for slush molding machines and injection molding machines for internal collaborative deployment; the original project process equipment planning does not meet the current actual needs and needs to be adjusted. In order to improve the efficiency of project fund use, improve the company's existing customer structure, and cater to the development trend of the automobile industry in the Yangtze River Delta region, after careful consideration by the company, the original project has been made corresponding adjustments in terms of implementation content, implementation location, implementation entity, production capacity planning, and capital investment.

9. The "Chengdu Aerospace Molding Co., Ltd. Smart Cockpit and Autonomous Driving Integration Construction Project" was added. The main reasons are: in order to comply with the intelligent development trend of the automobile industry and improve the level of product intelligence; to enhance the company's R&D capabilities and strengthen the industrial layout of "headquarters R&D + local mass production" to quickly respond to market development needs; to integrate the company's existing scattered production sites, improve the company's production capacity and delivery capabilities, and improve the company's operation and management efficiency.

10. In response to the above-mentioned adjustments 5 to 9, the company held the ninth meeting of the fifth board of directors on April 1, 2024, and reviewed and approved the "Proposal on Terminating and Adjusting Some Fund-raising Projects and New Fund-raising Projects". The Board of Supervisors and the Independent Financial Advisor both expressed their consent. The company disclosed the "Announcement on the Termination, Adjustment of Some Fund-raising Projects and New Fund-raising Projects" (2024-011) on the cninfo.com on April 3, 2024. On April 18, 2024, the company held the first extraordinary shareholders' meeting of 2024, and reviewed and approved the "Proposal on Terminating and Adjusting Some Fund-raising Projects and New Fund-raising Projects". The company disclosed the announcement of the resolution of the shareholders' meeting on the same day.

11. During the implementation of the "Military Explosive Equipment Production Line Automation Upgrading Project", due to changes in external factors such as the macroeconomic situation, industry environment and market demand, the company, in line with the principle of prudent investment, slowed down the implementation progress of the project, resulting in a certain difference between the actual investment progress of the project and the original planned investment progress. In order to better match the company's production capacity utilization rate with market demand, reduce the investment risk of raised funds, and improve the efficiency of the use of raised funds, the company cautiously and appropriately adjusted the construction period of the "Military Explosive Equipment Production Line Automation Upgrading and Renovation Project" and extended the date for the raised investment project to reach the scheduled usable state from September 30, 2025 to September 30, 2026; the reason for selecting "not applicable" for "whether the expected benefits are achieved" is that the project was still under construction during the reporting period.

Failure to meet planned progress or

2. The "New Chengdu Aerospace Molding Nanjing Co., Ltd. Automotive Interior and Exterior Decoration Production Project" was completed in September 2025. As of the reporting period, it was overall profitable. The expected income and

But profitability fell short of expectations. The reason for not achieving the expected benefits is that due to the continued weakening of market demand in the automotive industry, the order volume this year has been reduced, and core customers have purchased the products (based on specific projects).

Purchases declined.

3. During the implementation of the "Chengdu Aerospace Molding Co., Ltd. Smart Cockpit and Autonomous Driving Integration Construction Project", due to the long time spent in land acquisition, pre-approval procedures for project construction, and preparation and review of bidding documents, the project's original implementation plan, advancement pace, and capital investment were affected. This has a certain impact, causing the completion time of the overall project to reach the scheduled usable state lagging behind the plan, and unable to reach the scheduled usable state within the planned time. Therefore, the date for the raised project to reach the scheduled usable state has been extended from March 31, 2026 to December 31, 2026.

The changed project is feasible

Not applicable if there is a major change in sex

Situation description