Shanghai HuGong: Terminate the first phase construction project of the aerospace equipment manufacturing base and permanently supplement the remaining funds raised for working capital.

Shanghai Huguang Announcement: The 11th meeting of the fifth board of directors and the seventh meeting of the fifth board of supervisors of the company approved the proposal "to terminate some of the fund-raising projects and permanently supplement the remaining raised funds with working capital", agreed to terminate the implementation of the "First Phase Construction Project of Aerospace Equipment Manufacturing Base" and to permanently supplement the remaining raised funds with working capital. The original planned total investment of the project was 246 million yuan, with a proposed investment of 190 million yuan from raised funds. As of September 30, 2025, a total of 112 million yuan had been invested, with an investment progress of 59.08%, and the remaining raised funds were 77.7529 million yuan.