[Hon Chuan] Announcement regarding the change of directors at the major subsidiary, Hon Chuan Food Packaging (Zhangzhou) Co., Ltd.

1. Date of change: May 22, 2026 2. Type of personnel change (Individual Director) 3. Titles and names of former incumbents: (1) Director: Yan Qingquan (2) Director: Liu Yunzhang (3) Director: Cao Jianxia 4. Background of former incumbents: (1) Yan Qingquan - Director of Hon Chuan Food Packaging (Zhangzhou) Co., Ltd. (2) Liu Yunzhang - Director of Hon Chuan Food Packaging (Zhangzhou) Co., Ltd. (3) Cao Jianxia - Director of Hon Chuan Food Packaging (Zhangzhou) Co., Ltd. 5. Title and name of the new incumbent: Director: Cao Xinwen 6. Background of the new incumbent: (1) Director of Hon Chuan Enterprise (Changsha) Co., Ltd. (2) Director of Hon Chuan Food Packaging (Taiyuan) Co., Ltd. (3) Director of Hon Chuan Food Packaging (Quzhou) Co., Ltd. (4) Supervisor of Hon Chuan Food Packaging (Luohe) Co., Ltd. 7. Nature of change (Removal) 8. Reason for change: Removal 9. Number of shares held by the new incumbent at the time of appointment: Not applicable 10. Original term: Not applicable 11. Effective date for the new incumbent: May 22, 2026 12. Turnover rate of directors for the same term: 100% 13. Turnover rate of independent directors for the same term: Not applicable 14. Turnover rate of supervisors for the same term: Not applicable 15. Whether there is a change of one-third or more of the directors: Yes 16. Other notes: Subsidiary directors are assigned, replaced, or removed by the parent company in accordance with the Subsidiary Management Measures.