Announcement on Price Adjustment of Crushers and Supporting Products

Dear Valued Customers and Partners,

We sincerely thank all new and long-term customers and partners for your continued trust and strong support of Shandong Hengtai Intelligent Equipment Technology Co., Ltd. and our crusher machines and supporting products. It is with your companionship and cooperation that we have been able to steadily advance in the mining machinery industry, continuously delivering reliable equipment and professional services to the market.

Since the beginning of 2026, the global industrial manufacturing sector has experienced significant and sustained volatility in the prices of core raw materials. Prices of key metals such as copper, nickel, and rare earth materials—which are closely related to the production of complete crusher machines, motors, and electrical control & soft starter cabinets—have risen sharply. In addition, cost increases across multiple supply chain stages have further driven up our overall manufacturing costs.

In response to the continued high raw material prices, our company has made every effort to absorb cost pressures internally by optimizing production processes, strengthening supply chain coordination, and improving operational efficiency, striving to maintain the original pricing system as much as possible. However, the current cost increases have exceeded the company’s sustainable capacity.

To ensure the stable production of crusher machines and supporting products, maintain strict quality control standards, and continue providing reliable supply and after-sales service to our partners, after multiple rounds of careful evaluation and comprehensive consideration by the management team, we have decided to implement a reasonable price adjustment for our crusher machines and supporting products.

The new pricing system will apply to all newly placed orders from the date of this announcement. For contracts that have already been signed and are in effect, prices will continue to be executed strictly in accordance with the original contract terms, fully safeguarding the legitimate rights and interests of our partners.

This price adjustment is a necessary measure under the current market environment, rather than a simple transfer of cost pressure. It is intended to uphold product quality standards and ensure long-term, sustainable cooperation between our company and our partners. We sincerely apologize for any inconvenience this adjustment may cause to your business planning and greatly appreciate your understanding and support.

Looking ahead, Shandong Hengtai Intelligent Equipment Technology Co., Ltd. will continue to focus on the mining machinery sector, actively advancing the R&D and upgrading of complete crusher machines and supporting products. We remain committed to rewarding our partners’ trust with superior equipment performance and more comprehensive after-sales service. At the same time, we will continue to optimize our cost structure and make every effort to minimize the impact of raw material price fluctuations on both parties, working together to overcome market challenges and achieve mutual benefit and win-win growth.

Detailed terms of this price adjustment will be explained and communicated individually by your designated account manager. Should you have any questions, please feel free to contact us at any time.

Once again, we sincerely thank all customers and partners for your long-standing support and trust. We look forward to continuing our close cooperation and jointly promoting the high-quality development of the mining machinery industry.

Hereby announced.

Shandong Hengtai Intelligent Equipment Technology Co., Ltd.
January 24, 2026