Hanghua Stock: Cancelled 86,300 restricted shares of the 2023 incentive plan.

On August 20, 2025, Hanghua Corporation held a meeting of the board of directors and the supervisors' meeting, and reviewed and approved the proposal to invalidate part of the restricted stock incentive plan for 2023. It was agreed to invalidate 86,300 shares of restricted stock that had been granted but not yet allocated. Among them, 70,000 shares were invalidated due to the departure of one person and the retirement of another, while 16,300 shares were invalidated for three individuals whose personal performance assessment results in 2024 were rated as C. This invalidation falls within the scope of authorization from the third extraordinary shareholders' meeting in 2023 and does not require further review.