Hanghua Co., Ltd. announced that the “Concerted Action Agreement” signed by shareholder Hangshi Group and Xiefeng Investment expired on December 11, 2025 and will not be renewed. After the agreement is terminated, the controlling shareholder and actual controller of the company will be changed from Hangshi Group and Xiefeng Investment to Hangshi Group. Hangshi Group directly holds 156,000,000 shares of the company, accounting for 36.78%; Xiefeng Investment directly holds 5,712,923 shares, accounting for 1.35%, and the related shares are not consolidated. The two sides promised that if their holdings were reduced, they would fulfill their credit disclosure obligations in accordance with regulations. This change has no adverse effect on the company. Hangshi Group is the controlling shareholder and actual controller in compliance with the relevant regulations.

Hanghua Co., Ltd. announced that the “Concerted Action Agreement” signed by shareholder Hangshi Group and Xiefeng Investment expired on December 11, 2025 and will not be renewed. After the agreement is terminated, the controlling shareholder and actual controller of the company will be changed from Hangshi Group and Xiefeng Investment to Hangshi Group. Hangshi Group directly holds 156,000,000 shares of the company, accounting for 36.78%; Xiefeng Investment directly holds 5,712,923 shares, accounting for 1.35%, and the related shares are not consolidated. The two sides promised that if their holdings were reduced, they would fulfill their credit disclosure obligations in accordance with regulations. This change has no adverse effect on the company. Hangshi Group is the controlling shareholder and actual controller in compliance with the relevant regulations.