NANHUA FUTURES (02691) Subsidiary Enters into Partnership Agreement with Hengdian Capital and Others, Intends to Contribute No More Than RMB 55 Million to Subscribe for Fund Shares

NANHUA FUTURES (02691) announces that on September 23, 2026, Nanhua Capital (a wholly-owned subsidiary of the Company, as a limited partner) entered into a partnership agreement with Hengdian Capital (a wholly-owned subsidiary of Hengdian Holdings, as general partner, executive partner and fund manager), Hengdian Holdings (the controlling shareholder of the Company, as a limited partner), Hengdian Group DMEGC Magnetics (as a limited partner), Innuovo Technology (as a limited partner), Hengdian Group Tospo Lighting (as a limited partner), Sanheng Investment (as a limited partner), Xu Wencai (a non-executive director of the Company, as a limited partner) and other limited partners, to, among other things, increase the capital and expand the fundraising of the Fund and have Nanhua Capital subscribe for fund shares, with a total subscribed capital contribution of RMB 1.65 billion, of which Nanhua Capital's subscribed capital contribution shall be no more than RMB 55 million, accounting for no more than 3.33% of the Fund's total subscribed capital contribution. The Fund will not be consolidated into the Company's financial statements. The name of the Fund is Hengdian Bohui Venture Capital (Hangzhou) Partnership (Limited Partnership); the purpose of the Fund is to make equity investments in enterprises in the following field to obtain good investment returns for all partners: the high-growth high-tech field. This subscription for fund shares is intended to leverage the business synergy advantages of professional investment institutions to invest in high-quality projects with high growth potential and development prospects, thereby enhancing the Company's overall competitiveness. Nanhua Capital's subscribed capital contribution was determined by the partners through fair negotiation after taking into account the Fund's target fundraising size, estimated capital requirements, investment strategy and the own funds of Nanhua Capital available for this investment.