Xinquan Co., Ltd. announced that the company held the 13th meeting of the 5th board of directors on December 26, 2025 to review and pass proposals such as the “Proposal on the Company's Issuance of H Shares and Listing on the Main Board of the Hong Kong Stock Exchange Limited” and “Proposal on the Company's Plan to Issue H Shares and List on the Main Board of the Hong Kong Stock Exchange Limited”. In order to further advance the company's globalization strategy, strengthen the interface with overseas capital markets, and further enhance the level of transparency and standardization of corporate governance, the company plans to issue shares overseas and list them on the main board of the Hong Kong Stock Exchange Limited. The company will fully consider existing shareholders' interests and domestic and foreign capital market conditions, and select an appropriate timing and issuance window during the shareholders' meeting period to complete the listing.

Xinquan Co., Ltd. announced that the company held the 13th meeting of the 5th board of directors on December 26, 2025 to review and pass proposals such as the “Proposal on the Company's Issuance of H Shares and Listing on the Main Board of the Hong Kong Stock Exchange Limited” and “Proposal on the Company's Plan to Issue H Shares and List on the Main Board of the Hong Kong Stock Exchange Limited”. In order to further advance the company's globalization strategy, strengthen the interface with overseas capital markets, and further enhance the level of transparency and standardization of corporate governance, the company plans to issue shares overseas and list them on the main board of the Hong Kong Stock Exchange Limited. The company will fully consider existing shareholders' interests and domestic and foreign capital market conditions, and select an appropriate timing and issuance window during the shareholders' meeting period to complete the listing.