Hailianxun: Issue 1.175 billion shares to absorb and merge Hangzhou Steam Turbine.

Hailianxun Announcement: The company will absorb and merge Hangzhou Turbine Power Group Co., Ltd. by issuing 1.175 billion shares to all shareholders of Hangzhou Turbine. Each shareholder of Hangzhou Turbine can exchange 1 share of Hangzhou Turbine stock for 1 share of Hailianxun stock. The newly added shares will be listed as absorbed merged shares, and subscription will be through offline channels. The total number of new shares listed is 1.175 billion, and all are tradable shares. The date of listing for the stock is February 11, 2026. Based on the exchange price of Hailianxun and Hangzhou Turbine at 9.35 yuan per share, the value of the new assets acquired is 10.985 billion yuan. After the completion of this transaction, the total share capital of Hailianxun will be 1.517 billion shares.