According to Hetai Electromechanical's announcement, the company held the first meeting of the 3rd board of directors on October 14, 2026 to review and pass the bill to appoint Mr. Xu Qing, the actual controller, as the honorary chairman of the company. The term of office starts from the date the board of directors deliberates and passes until the end of the term of the third board of directors. The remuneration during the tenure of office is 75,000 yuan/year, and the relevant performance expenses are borne by the company. The honorary chairman is not a board member or executive and can attend board meetings. This appointment constitutes a related transaction. The pricing is fair, there is no need to submit it to the shareholders' meeting for review, and it does not constitute a major asset restructuring.

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