Securities Code: 000988 Securities Abbreviation: Huagong Technology Announcement No.: 2026-21 Huagong Technology Industry Co., Ltd. Announcement on Joint Investment with Professional Investment Institutions and Related Party Transactions The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or material omissions.
I. Overview of Joint Investment with Professional Investment Institutions
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Basic Situation Huagong Technology Industry Co., Ltd. (hereinafter referred to as "Huagong Technology" or the "Company"), through its wholly-owned subsidiary Wuhan Huagong Technology Investment Management Co., Ltd. (hereinafter referred to as "Huagong Investment"), has recently signed the "Partnership Agreement of Wuhan Ruiyuan Hangke Venture Capital Investment Partnership (Limited Partnership)" with Wuhan Huagong Ruiyuan Technology Venture Capital Co., Ltd. (hereinafter referred to as "Huagong Ruiyuan"), Tang Liankui, and Lu Junming. Huagong Investment will invest RMB 837.40 million of its own funds in Wuhan Ruiyuan Hangke Venture Capital Investment Partnership (Limited Partnership) (hereinafter referred to as the "Ruiyuan Hangke Fund"), holding a 39.50% equity interest in the Ruiyuan Hangke Fund. As a limited partner of the Ruiyuan Hangke Fund, Huagong Investment assumes limited liability up to its subscribed capital contribution. (Hereinafter referred to as the "Current Investment") Huagong Ruiyuan, as the fund manager, general partner, and executive partner of the Ruiyuan Hangke Fund, is a private fund manager registered with the Asset Management Association of China. Therefore, this transaction constitutes a joint investment with a professional institution.
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Related Party Relationship Mr. Ma Xinqiang and Mr. Liu Hanshu, directors of the Company, serve as directors of Huagong Ruiyuan. According to the "Shenzhen Stock Exchange Stock Listing Rules," "Company Articles of Association," and other relevant regulations, Huagong Ruiyuan is a related legal person of the Company, and Mr. Ma Xinqiang and Mr. Liu Hanshu are related directors of the Company.
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Deliberation Procedures The current investment constitutes a related party transaction of joint investment between the listed company and a related party. It does not constitute a major asset restructuring as stipulated in the "Measures for the Administration of Major Asset Restructuring of Listed Companies" and does not require approval from relevant authorities. In accordance with relevant laws, regulations, and the "Company Articles of Association," this related party transaction does not require submission to the Board of Directors or the Shareholders' Meeting for deliberation.
II. Basic Information of the Counterparty (I) Fund Manager/General Partner/Executive Partner Company Name: Wuhan Huagong Ruiyuan Technology Venture Capital Co., Ltd. Unified Social Credit Code: 91420100MA4F0YX94H Company Type: Limited Liability Company (Invested or Controlled by Natural Persons) Date of Establishment: July 7, 2021 Legal Representative: Zhang Lihua Registered Capital: RMB 11.6667 million Registered Address: Building 1, Floor 2, Area A-1, Huagong Technology Park, Wuhan East Lake High-tech Development Zone Business Scope: General Items: Venture Capital (limited to investment in unlisted enterprises); Private Equity Fund Management, Venture Capital Fund Management Services (must complete registration and filing with the Asset Management Association of China before engaging in business activities) (Projects subject to approval according to law shall be operated independently according to law with business licenses) Wuhan Huagong Ruiyuan Technology Venture Capital Co., Ltd. has completed the filing procedures for fund manager registration in China (Institutional Registration Number: P1072334). Related Party Relationship Description: Company directors Mr. Ma Xinqiang and Mr. Liu Hanshu serve as directors of Huagong Ruiyuan, thus Huagong Ruiyuan is a related legal person of the Company. Whether a dishonest person subject to enforcement is subject to enforcement: No