Huawo Group: Subsidiary Changsha Tianying has been applied for bankruptcy liquidation.

Huawo Group announced that its subsidiary, Changsha Tianying, has received a civil ruling from the People's Court of Wangcheng District, Changsha City, Hunan Province, accepting the application by Hunan Tianzhi Jie Mechanical Manufacturing Partnership Enterprise for the bankruptcy liquidation of Changsha Tianying. Changsha Tianying is required to return the borrowed principal of 3.4 million yuan to the applicant and pay interest of 757,200 yuan. As of the date of this application, Changsha Tianying has not fully repaid the debt determined by the effective judgment. Changsha Tianying is a subsidiary controlled by the company, with an operating income of 100,144.26 yuan in 2024, accounting for 0.0083% of the company's operating income in 2024. The bankruptcy liquidation application against Changsha Tianying will not have a significant impact on the company's daily production and operation.