Announcement on the Proposed Application for Property Preservation Replacement to the Court

Zhejiang Huamei Holdings Co., Ltd. (hereinafter referred to as "Huamei Holdings" or "the Company") held the fifteenth meeting of the eleventh board of directors on February 27, 2026, where it reviewed and approved the proposal to apply to the court for property preservation replacement. Some of the Company's bank accounts and funds have been frozen due to a contractual dispute. The Company intends to apply to the Hunan Province Hengyang Intermediate People's Court for property preservation replacement using certain real estate assets held by its wholly-owned subsidiary, Zhejiang Huamei Industrial Co., Ltd. (hereinafter referred to as "Huamei Industrial"). If the Company faces other litigation involving frozen replacement matters in this court in the future, it may use the assets approved by this board meeting based on the actual frozen amount to facilitate the replacement, thereby lifting the fund freeze and improving fund utilization efficiency. This matter requires approval from the shareholders' meeting to take effect.