Huasheng Co., Ltd. announced that in order to resolve the issue of competition with Xiang'an Industrial, the controlling shareholder Xingxiang Group plans to extend the implementation period of five years to July 2031 to avoid competition, while entrusting 100% of its shares in Xiang'an Industrial to the company for a period of 5 years, with a management fee of 20,000 yuan/year. The transaction constitutes a related transaction and does not constitute a major asset restructuring. It has been reviewed and approved by the board of directors, and still needs to be reviewed by the shareholders' meeting. From 2024 to 2025, the revenue of Xiangan Industrial was 133.6032 million yuan and 113.5057 million yuan respectively, and net profit was 9.2748 million yuan and 27.659 million yuan respectively.

Huasheng Co., Ltd. announced that in order to resolve the issue of competition with Xiang'an Industrial, the controlling shareholder Xingxiang Group plans to extend the implementation period of five years to July 2031 to avoid competition, while entrusting 100% of its shares in Xiang'an Industrial to the company for a period of 5 years, with a management fee of 20,000 yuan/year. The transaction constitutes a related transaction and does not constitute a major asset restructuring. It has been reviewed and approved by the board of directors, and still needs to be reviewed by the shareholders' meeting. From 2024 to 2025, the revenue of Xiangan Industrial was 133.6032 million yuan and 113.5057 million yuan respectively, and net profit was 9.2748 million yuan and 27.659 million yuan respectively.