Hu Sheng: Announcement by Important Subsidiary Dongguan Huaguo Electronics Co., Ltd. of Board Resolution to Cancel Investment in "Huaxun Technology Co., Ltd."

1. Date of occurrence of the event: 2026/05/12 2. Company name: Dongguan Huaguo Electronics Co., Ltd. 3. Relationship with the company (please enter the company or subsidiary): Subsidiary 4. Mutual shareholding ratio: 100% indirectly held by the company 5. Reason for occurrence: Dongguan Huaguo Electronics Co., Ltd. previously resolved through its board of directors on 2024/3/29 to invest in a joint venture company "Huaxun Technology Co., Ltd." with an investment amount of RMB 4.4 million, acquiring 44% of its shares. After careful evaluation by both investing parties, considering the current market environment and operational development, it was deemed inappropriate to pursue relevant businesses through a joint venture company at this stage. After negotiation between both parties, it was resolved to adjust the cooperation model, switching to a strategic cooperation through resource integration, and the original joint venture case is formally cancelled. This cancellation has no material impact on the company's finances and operations. 6. Countermeasures: Both parties will continue to promote strategic cooperation based on resource integration. 7. Other matters that need to be specified (If the subject of the event or resolution is a publicly issued company or above, this material information also complies with Article 7, Paragraph 9 of the Enforcement Rules of the Securities Exchange Act regarding matters that have a material impact on shareholders' equity or securities prices): None Keywords: Material Information