Dechang Co., Ltd. announced that on December 12, 2025, the company received the “Approval to Register Ningbo Dechang Electric Co., Ltd. to issue shares to specific targets” issued by the China Securities Regulatory Commission. According to the approval documents, the China Securities Regulatory Commission approved the company's registration application to issue shares to specific targets. The issuance shall be carried out in strict accordance with the application documents submitted to the Shanghai Stock Exchange and the issuance plan. This approval is valid for 12 months from the date of consent to registration. The company will handle matters relating to the issuance of shares to specific targets within the prescribed period in accordance with the requirements of the approval documents and relevant laws and regulations and the authorization of the company's shareholders' meeting, and promptly fulfill the obligation to disclose information.

Dechang Co., Ltd. announced that on December 12, 2025, the company received the “Approval to Register Ningbo Dechang Electric Co., Ltd. to issue shares to specific targets” issued by the China Securities Regulatory Commission. According to the approval documents, the China Securities Regulatory Commission approved the company's registration application to issue shares to specific targets. The issuance shall be carried out in strict accordance with the application documents submitted to the Shanghai Stock Exchange and the issuance plan. This approval is valid for 12 months from the date of consent to registration. The company will handle matters relating to the issuance of shares to specific targets within the prescribed period in accordance with the requirements of the approval documents and relevant laws and regulations and the authorization of the company's shareholders' meeting, and promptly fulfill the obligation to disclose information.