Xinquan shares: Submitting H-share issuance and listing application to the Hong Kong Stock Exchange and publishing information.

New Spring Corporation announced that on January 27, 2026, it submitted an application to the Hong Kong Stock Exchange to issue H shares and list them on the main board. On the same day, the application materials were published on the HKEX website. The information in the materials is a draft version and may be updated and revised. The subscription targets are qualified investors both overseas and domestically. The company will not disclose the application materials domestically but will provide a link for querying on the HKEX website. Approval from relevant agencies is required for this issuance and listing, and there is uncertainty involved. The company will promptly disclose any progress.