Zhenjiang Dongfang Electric Heat

Oriental Electric Heating announced on October 8 that the company recently signed a partnership agreement to invest 50 million yuan of its own funds in Tianjin Lisi Xingchen Equity Investment Partnership, a limited partnership, bearing investment risks limited to the amount invested. The investment fund has total committed capital of 6.02 billion yuan, of which the general partner Tianjin Lisi Mingtang has committed 10 million yuan, representing 0.166 percent; Oriental Electric Heating, as a limited partner, has committed 50 million yuan, representing 0.831 percent; and other investors, as limited partners, have committed 5.96 billion yuan, representing 99.003 percent. Oriental Electric Heating said this investment is a financial investment aimed at leveraging the strengths of professional investment institutions to identify and invest in high-quality new quality productive forces enterprises and achieve asset appreciation. The funding comes from its own funds and will not affect the company's normal production and operating activities. The announcement also cautioned that the investment fund mainly targets early- and mid-stage unlisted companies, and may face risks such as investee business development falling short of expectations, extended investment exit cycles, and relatively weak asset liquidity. Oriental Electric Heating's main business is the design and manufacture of various civil and industrial electric heaters and explosion-proof electric heaters, electrical control systems, and steel shell materials for power lithium batteries. It listed on the Shenzhen Stock Exchange in 2011. In the first half of 2026, the company achieved operating revenue of 1.338 billion yuan, down 23.58 percent year on year, and net profit attributable to shareholders of the listed company of 41.0714 million yuan, down 54.87 percent year on year.

Zhenjiang Dongfang Electric Heating Technology announced on September 28 that Zhao Hailin, due to the re-election of the company's employee representative congress, no longer serves as an employee representative director on the sixth board of directors, but continues to serve as assistant to the general manager. He directly holds 84,000 company shares and holds a 1.011 million yuan stake in the 2023 employee stock ownership plan. The company also elected Nie Xudong as an employee representative director on the sixth board of directors, with a term from the date of approval by this employee representative congress election until the expiry of the sixth board's term. In the first half of 2026, Zhenjiang Dongfang Electric Heating Technology achieved revenue of 1.338 billion yuan and net profit attributable to the parent of 41.07 million yuan.