HuaYin Power: Application to issue A-shares to specific investors approved by the Shanghai Stock Exchange.

Huayin Power announced that on March 12, 2026, it received the review opinions issued by the Shanghai Stock Exchange. The company applied to issue shares to specific targets, which meets the requirements for issuance, listing, and information disclosure. After receiving the application documents, the Shanghai Stock Exchange will submit them to the China Securities Regulatory Commission for registration. This matter still requires the approval and reply from the China Securities Regulatory Commission before it can be implemented. There is uncertainty as to whether it will be approved, and the company will disclose any progress in a timely manner.