Weifu High-Technology: Intends to convert B shares to be listed and traded on the main board of the Hong Kong Stock Exchange.

Weifu High-Technology Group announced that as of the date of the issuance of the proposal, the total number of domestic listed foreign shares issued by the company is 172 million shares. The company plans to apply for the conversion of the above-mentioned B-shares to be listed on the Hong Kong Stock Exchange main board in an introduction manner and to be traded on the board, changing the listed foreign shares to overseas listed foreign shares listed on the Hong Kong Stock Exchange. This proposal does not involve the issuance of new shares.