Xinchen China Power Holdings Limited (POWER XINCHEN, 01148) has signed a supplemental agreement to extend two critical deadlines under its Equity Acquisition Agreement for the takeover of Zhonghang Lantian Equipment Manufacturing Co., Ltd.

The original agreement, dated 16 October 2025, involves: • Purchaser: Mianyang Xinchen Engine Co., Ltd., an indirect wholly-owned subsidiary of Xinchen China Power • Subscriber: Xinchen China Power • Vendor: Shanxi Lantian Industrial Group Co., Ltd. • Target: Zhonghang Lantian Equipment Manufacturing Co., Ltd.

Key outstanding condition The sole remaining condition precedent requires the competent government department in the target company’s locality to approve preferential investment-attraction policies for Zhonghang Lantian. Negotiations with the authorities are still in progress, leaving this “Outstanding Condition” unmet.

Revised timetable • Fulfilment deadline for the Outstanding Condition: extended from 12 August 2026 to 12 February 2027. • Latest payment date for the Capital Increase Consideration: similarly moved from 12 August 2026 to 12 February 2027.

All other terms of the Equity Acquisition Agreement remain unchanged. The board, chaired by Mr. Zhang Wei, confirmed that discussions with the local government are expected to conclude before the new February 2027 deadline.