Announcement by Jiangsu Lixing Universal Steel Ball Co., Ltd. Regarding the Signing of a Strategic Cooperation Agreement

Our company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or material omissions.

Special Notice:
1. The “Strategic Cooperation Agreement” signed this time is merely a framework agreement for strategic cooperation. The specific details and implementation arrangements of the cooperation still need to be further finalized and clarified. Investors are kindly advised to pay attention to investment risks.
2. The signing of this agreement will not have a material impact on the company’s financial position and operating performance for the current year.
3. The company will promptly fulfill the relevant approval procedures and information disclosure obligations based on the subsequent developments of this matter.

On November 6, 2025, Jiangsu Lixing Universal Steel Ball Co., Ltd. (hereinafter referred to as the “Company” or “Lixing Shares”) and Zhejiang Rongtai Electrical Equipment Co., Ltd. (hereinafter referred to as “Zhejiang Rongtai”) signed a Strategic Cooperation Agreement (hereinafter referred to as the “Agreement”). The two parties intend to engage in strategic cooperation on the application of rolling elements in key areas such as ball screw components for industrial robots, thereby establishing a win-win, sustainable partnership.

Left: Shi Bo, President of Lixing Shares; Right: Zheng Min, General Manager of Zhejiang Rongtai

This agreement is solely a strategic cooperation agreement and does not require submission to the company’s Board of Directors or Shareholders’ Meeting for review, nor does it require approval from any relevant authorities. Once specific cooperation matters have been clarified, the company will, in accordance with applicable laws and regulations such as the “Rules Governing the Listing of Stocks on the ChiNext Board of the Shenzhen Stock Exchange” and the relevant provisions of its Articles of Association, fulfill the corresponding decision-making procedures and information disclosure obligations.

I. Basic Information of the Counterparty to the Transaction

1. Basic Information

Company Name: Zhejiang Rongtai Electrical Equipment Co., Ltd.

Registered address: No. 308, Zhongxing Road, Fengqiao Town, Nanhu District, Jiaxing City, Zhejiang Province

Legal Representative: Cao Meisheng

Registered capital: 3,637.4215 million RMB

Date of Establishment: April 22, 1998

Enterprise Type: Joint-stock Company (Listed, Invested in or Controlled by Natural Persons)

Business Scope: General items: Manufacturing of automotive parts and accessories; production of refractory materials; manufacturing of electrical equipment; manufacturing of mica products; manufacturing of thermal and sound insulation materials; manufacturing of synthetic materials (excluding hazardous chemicals); manufacturing of electronic components; mold manufacturing; manufacturing of general-purpose parts; import and export of goods; import and export of technologies; technical services, technology development, technology consulting, technology exchange, technology transfer, and technology promotion; leasing of non-residential real estate; manufacturing of synthetic fibers; manufacturing of rubber products; manufacturing of plastic products; manufacturing of glass fibers and products; manufacturing of glass fiber reinforced plastic products; manufacturing of non-metallic mineral products; manufacturing of metal structures; additive manufacturing; manufacturing of electrical accessories (except for items that require approval according to law, business activities shall be independently conducted in accordance with the business license).

2. Similar Transaction Situation: Over the past three years, the company has not engaged in any similar transactions with Zhejiang Rongtai.

3. Analysis of Performance Capability: Upon verification, Zhejiang Rongtai is not listed as a discredited person subject to enforcement and possesses sound creditworthiness and strong performance capabilities.

II. Main Contents of the Agreement

Party A: Zhejiang Rongtai Electrical Equipment Co., Ltd.

Party B: Jiangsu Lixing Universal Steel Ball Co., Ltd.

Based on the strong mutual trust and synergies in the market, as well as considering their long-term development strategies, Party A and Party B have decided to join forces and collaborate on providing rolling elements as supporting components for Party A by Party B. Both parties are well-known multinational enterprises in their respective industries, each possessing outstanding corporate philosophies and deep industry expertise. Guided by the cooperative spirit of "mutual benefit, stability and durability, and high efficiency and quality," they have established a close strategic partnership. Now, following friendly consultations between the two parties, they have reached the following consensus:

1. Purpose of Cooperation

Party A primarily engages in the R&D, production, and sales of various high-temperature-resistant mica insulation products as well as precision lead screw components. It has customer resources related to new-energy vehicles and humanoid robots. Party B is a leading global manufacturer of rolling elements, renowned for its superior product quality and high market recognition.

Both Party A and Party B possess strong complementary advantages in the application of ball screw components for robots and related fields. The guiding principle behind the cooperation between Party A and Party B is to forge a win-win, sustainably developed strategic partnership through close collaboration, and to accelerate the advancement of our global strategic partnership.

2. Cooperation Objectives

Both parties believe that this strategic collaboration will help them further enhance their overall operational efficiency.

Reduce operational costs, enable both parties to pursue future market expansion strategies and gain a larger market share, and create greater business value.

3. Scope of Cooperation

3.1 By signing this agreement, both Party A and Party B are marking a new starting point for their cooperation. Through comprehensive collaboration in the application of rolling elements in key areas such as lead screws for industrial robots, Party B will help Party A enhance its market competitiveness, gain a larger market share, and achieve a win-win future for both parties.

3.2 Obligations of Party A

3.2.1 Party A regards Party B as its strategic supplier of rolling elements and will actively promote the launch of new projects and expand cooperation with Party B in the area of rolling elements.

3.2.2 Without disclosing any confidential information of Party A or Party B, actively promote VAVE activities through close collaboration between the two parties.

3.3 Obligations of Party B

3.3.1 Party B undertakes to provide Party A with the product offering the best cost-performance ratio among similar products under identical conditions.

3.3.2 Party B shall prepare sufficient inventory based on Party A’s forecasted demand to ensure timely response and manage inventory risks.

The risk shall be borne by Party B.

3.3.3 In the event of rising market demand and tight production capacity, Party B commits to providing Party A with the most favorable resources to ensure that Party A’s requirements are met.

4. Other matters

4.1 The two parties will hold high-level meetings on an irregular basis to promptly exchange relevant information, provide feedback on collaborative efforts, and strengthen close cooperation.

Based on the principle of pragmatism, efficiency, and integrity, we will gradually implement the aforementioned cooperation initiatives to strengthen our relationship and enhance the quality and efficiency of our services.

4.2 Both parties are obligated to strictly maintain commercial confidentiality and properly safeguard all documents and materials provided by the other party, unless...

With the other party’s permission, it may not be used for any purpose unrelated to the collaboration, nor may it be disclosed to third parties.

5. This Agreement shall become effective upon signature and official seal of both parties. It is executed in duplicate, with each party holding one copy.

III. Impact on Listed Companies

The signing of this cooperation agreement marks the formal establishment of a strategic partnership between the two parties. Through this collaboration, the two sides will create a synergistic development model characterized by complementary strengths and shared resources, jointly promoting in-depth cooperation in key areas such as ball screw components for industrial robots. Leveraging its profound technological expertise in the manufacturing of precision rolling elements, Lixing Shares will provide comprehensive solutions—featuring lightweight design, low noise, wear resistance, and high-temperature tolerance—for rolling element applications in core areas including ball screw components for industrial robots, thereby supporting industrial upgrading and technological advancement.

The signing of this agreement is consistent with the company’s development strategy and the long-term interests of its shareholders, and will not have a material impact on the company’s financial position or operating performance for the current year.

IV. Major Risk Warning

The “Strategic Cooperation Agreement” signed this time is a framework statement based on the mutual intention to cooperate and does not constitute a specific commitment by either party to provide related services. The specific details and progress of the cooperation will be further defined and advanced through subsequent documents to be signed by both parties. There is some uncertainty regarding whether the cooperation between the two parties can be implemented and advanced smoothly. Investors are advised to pay close attention to investment risks.

Hereby announced.

Board of Directors of Jiangsu Lixing Universal Steel Ball Co., Ltd.

November 7, 2025