Xin Quan Co., Ltd.: The intention to issue H shares and list them on the main board of the Hong Kong Stock Exchange.

New Spring Holdings announced that on December 26, 2025, the company held the 13th meeting of the fifth board of directors, and approved the resolutions such as "Proposal on the Company's issuance of H shares and listing on the Main Board of The Stock Exchange of Hong Kong Limited" and "Proposal on the Company's issuance of H shares and listing on the Main Board of The Stock Exchange of Hong Kong Limited". In order to further promote the company's globalization strategy, strengthen connections with overseas capital markets, and enhance corporate governance transparency and standardization, the company plans to issue shares overseas and list on the Main Board of The Stock Exchange of Hong Kong Limited. The company will fully consider the interests of existing shareholders and the situation of domestic and foreign capital markets, and choose the appropriate timing and issuance window to complete the issuance and listing during the effective period of the shareholders' meeting.