Hai Bo Chong Ke: It is proposed to reduce the holding of no more than 1,975,000 shares of repurchased shares, as of October, the reduction has not been implemented.

Haihe Heavy Industry announced on September 19, 2025 that the company has agreed to reduce holdings through centralized bidding transactions. The company plans to reduce no more than 1,975,000 shares, accounting for 0.99% of the total share capital and 1.00% of the total share capital after deducting the shares held in the repurchase account, for the period from October 21, 2025 to January 20, 2026. As of October 31, 2025, the company has not yet sold any shares, and the balance of repurchased shares available for sale is 2,522,000. There are uncertain risks in the implementation of this reduction plan.