Zhejiang Dongjing Electronics Co., Ltd. Fifth Risk Warning Announcement Regarding the Possible Delisting of the Company's Stock

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Stock code: 002199 Stock abbreviation: *ST Dongjing Announcement No. 2026020

Zhejiang Dongjing Electronic Co., Ltd.

Announcement on the Fifth Risk Warning Regarding the Possible Termination of Listing of the Company’s Stock

The Company and all members of the Board of Directors hereby guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or material omissions.

Special Notice:

1. Zhejiang Dongjing Electronic Co., Ltd. (hereinafter referred to as the “Company”) published on March 25, 2025 in the designated information disclosure media the “Announcement on the Implementation of Delisting Risk Warning and Suspension of Trading for the Company’s Stock” (Announcement No. 2025014). Due to the Company’s audited relevant financial indicators for the fiscal year 2024 triggering the circumstances requiring the implementation of delisting risk warning for stock trading as stipulated in Article 9.3.1 of the Shenzhen Stock Exchange’s “Stock Listing Rules” (hereinafter referred to as the “Stock Listing Rules”), specifically “(I) Among the following three indicators for the most recent accounting year after audit—total profit, net profit, and net profit after deducting non-recurring profit and loss—whichever is the lowest is negative, and the operating revenue after deduction is less than RMB 300 million.” Therefore, trading of the Company’s stock has been subject to delisting risk warning starting from March 26, 2025. If, in the fiscal year 2025, the Company shows any of the relevant circumstances stipulated in Article 9.3.12 of the “Stock Listing Rules,” there is a risk that the Company’s stock may be delisted.

2. Pursuant to Article 9.3.6 of the “Stock Listing Rules,” within one month after the end of the accounting year in which the delisting risk warning is implemented for stock trading, the Company shall disclose a risk warning announcement indicating that the stock may be terminated for listing. From the disclosure of the first risk warning announcement to before the disclosure of the annual report, the Company shall disclose a risk warning announcement once every ten trading days. This announcement is the Company’s fifth risk warning announcement. Investors are kindly requested to make rational investments and pay attention to investment risks.

3. On January 27, 2026, the Company published in the designated information disclosure media the “2025 Annual Performance Forecast” (Announcement No. 2026006), predicting that for fiscal year 2025, the total profit, net profit, and net profit after deducting non-recurring profit and loss will all be negative; that the operating revenue after deduction will be approximately RMB 33,000 million to RMB 36,000 million; and that the operating revenue after deduction includes revenue from the battery-grade lithium carbonate business newly added in 2025, with the related amount of approximately RMB 10,200 million. The related performance forecast is based on the preliminary estimates made by the Company’s finance department. Since the Company’s annual financial data for 2025 has not yet been audited, the amount of operating revenue after deduction predicted by the Company has not yet been specifically confirmed through audit; there is uncertainty. The specific financial data shall be subject to the audited annual report for fiscal year 2025 disclosed by the Company.

4. As of the date of disclosure of this announcement, the potential financial delisting circumstances that the Company may be subject to are shown in the table below:

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I. Reasons why the Company’s Stock May Be Delisted

Because the Company’s audited relevant financial indicators for fiscal year 2024 triggered the delisting risk warning circumstances for stock trading as stipulated in Article 9.3.1(I) of the “Stock Listing Rules,” i.e., “among the three indicators for the most recent accounting year after audit—total profit, net profit, and net profit after deducting non-recurring profit and loss—whichever is the lowest is negative, and the operating revenue after deduction is less than RMB 300 million,” trading of the Company’s stock has been subject to delisting risk warning starting from March 26, 2025. If, in fiscal year 2025, the Company shows any of the relevant circumstances stipulated in Article 9.3.12 of the “Stock Listing Rules,” there is a risk that the Company’s stock may be delisted.

Pursuant to Article 9.3.12 of the “Stock Listing Rules,” “Where a listed company’s stock trading has been subject to delisting risk warning due to the circumstances under paragraph 1 of Article 9.3.1 of these Rules, and in the following next accounting year corresponding to the delisting risk warning circumstances one of the following circumstances occurs, the Exchange shall decide to terminate the trading of its stock for listing:

(I) Among the three indicators after audit—total profit, net profit, and net profit after deducting non-recurring profit and loss—whichever is the lowest is negative, and the operating revenue after deduction is less than RMB 300 million.

(II) The audited net assets at the end of the period are negative.

(III) The audit report issued for the financial and accounting report contains an disclaimer of opinion, or an inability to express an opinion, or a negative opinion.

(IV) After retroactive restatement, among the three indicators—total profit, net profit, and net profit after deducting non-recurring profit and loss—whichever is the lowest is negative, and the operating revenue after deduction is less than RMB 300 million; or after retroactive restatement, the net assets at the end of the period are negative.

(V) The audit report for the internal control over financial reporting is issued with an disclaimer of opinion or a negative opinion.

(VI) Failure to disclose an internal control audit report in accordance with the rules, except where it is not discloseable due to completion of bankruptcy reorganization, a listing by reorganization, or a major asset reorganization in accordance with relevant provisions.

(VII) Failure to disclose an annual report within the statutory deadline, with more than half of the directors guaranteeing that the annual report is true, accurate, and complete.

(VIII) Although the conditions under Article 9.3.8 are met, the Company has not applied to the Exchange for withdrawal of the delisting risk warning within the prescribed period.

(IX) The application for withdrawal of the delisting risk warning is not approved by the Exchange’s review.

(X) Other circumstances identified by the Exchange.”

II. Disclosure Status of Prior Risk Warning Announcements for Delisting

Pursuant to Article 9.3.6 of the “Stock Listing Rules,” the Company shall, within one month after the end of the accounting year in which the delisting risk warning is implemented for stock trading, disclose a risk warning announcement indicating that the stock may be terminated for listing; and from the disclosure of the first risk warning announcement to before the disclosure of the annual report, disclose a risk warning announcement once every ten trading days. The Company has, in accordance with the above requirements, respectively published in the designated information disclosure media on January 27, 2026, February 10, 2026, March 4, 2026, and March 18, 2026 the “Risk Warning Announcement on the Company’s Possible Delisting of Its Stock” (Announcement No. 2026007), the “Second Risk Warning Announcement on the Company’s Possible Delisting of Its Stock” (Announcement No. 2026010), the “Third Risk Warning Announcement on the Company’s Possible Delisting of Its Stock” (Announcement No. 2026016), and the “Fourth Risk Warning Announcement on the Company’s Possible Delisting of Its Stock” (Announcement No. 2026017).

This announcement is the Company’s fifth risk warning announcement. Investors are kindly requested to make rational investments and pay attention to investment risks.

III. Other Explanations and Risk Warnings

1. On January 27, 2026, the Company published in the designated information disclosure media the “2025 Annual Performance Forecast” (Announcement No. 2026006). It is expected that for fiscal year 2025, the total profit, net profit, and net profit after deducting non-recurring profit and loss will all be negative; that the operating revenue after deduction will be approximately RMB 33,000 million to RMB 36,000 million; and that the operating revenue after deduction includes revenue from the battery-grade lithium carbonate business newly added in 2025, with the related amount of approximately RMB 10,200 million. The related performance forecast is based on the preliminary estimates made by the Company’s finance department. The related audit work is still in progress. The specific financial data shall be subject to the audited annual report for fiscal year 2025 disclosed by the Company. As of the date of disclosure of this announcement, since the Company’s annual financial data for 2025 has not yet been audited and completed, the Company’s estimated amount of operating revenue after deduction has not yet been specifically confirmed through audit; there is uncertainty. Therefore, the Company’s stock still carries the risk of being delisted by the Shenzhen Stock Exchange in accordance with the “Stock Listing Rules” due to triggering the circumstance “among the three audited indicators—total profit, net profit, and net profit after deducting non-recurring profit and loss—whichever is the lowest is negative, and the operating revenue after deduction is less than RMB 300 million.” Investors are kindly requested to pay attention to investment risks and make rational investments.

2. The Company will strictly comply with relevant provisions such as the “Stock Listing Rules” and timely fulfill its information disclosure obligations. The Company’s designated information disclosure media are the “Securities Times,” “Securities Daily,” “China Securities Journal,” “Shanghai Securities News,” and the website of Juchao Information Network (www.cninfo.com.cn). All information regarding the Company shall be subject to disclosure made in the above designated media. Investors are kindly requested to make prudent decisions and pay attention to investment risks.

Notice is hereby given.

Zhejiang Dongjing Electronic Co., Ltd.

Board of Directors

April 1, 2026

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