Huaxing Yuanchuang announced that the 24th meeting of the 3rd board of directors of the company deliberated and passed a number of proposals: to change the use of the 434,946 shares already repurchased in the special securities account from “to protect the company's value and shareholders' rights” to “use for employee stock ownership plans or share incentives”; to consider and pass relevant proposals such as the 2026 employee stock ownership plan and its summary, employee stock ownership plan management measures, etc., and also requested the shareholders' meeting to authorize the board of directors to handle matters related to the current employee stock ownership plan. The above proposals relating to the employee stock ownership plan still need to be submitted to the shareholders' meeting for consideration. The time of the shareholders' meeting will be announced separately.

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