Announcement of Resolutions of the Seventh Meeting of the Eighth Board of Directors

Company Code: 002321 Company Abbreviation: Huaying Agriculture Announcement No.: 2026-032

Announcement of Resolutions of the Seventh Meeting of the Eighth Board of Directors

The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or significant omissions.

The seventh meeting of the eighth Board of Directors of Henan Huaying Agriculture Development Co., Ltd. (hereinafter referred to as the "Company") was held at 2:30 PM on May 12, 2026, in the executive meeting room on the 16th floor of Huaying Building, the Company's headquarters in Huangchuan County. With the unanimous consent of all directors of the eighth Board, the requirement for meeting notice time was waived. The meeting notice was delivered to all directors by telephone, email, and other means on May 9, 2026. Nine directors were required to attend, and nine directors were present. Among them, Directors Xu Shuaijun, Zhang Yong, Zhu Minghong, Ye Jinpeng, Wang Huohong, and Zhang Rui participated via communication. The meeting was presided over by Chairman Xu Shuaijun. Some senior management personnel of the Company attended the meeting as non-voting participants. The convocation and convening of this meeting comply with the relevant provisions of the Company Law of the People's Republic of China, laws, administrative regulations, departmental rules, normative documents, and the Articles of Association.

After careful deliberation by the attending directors, the following proposals were considered and approved by a combination of on-site and written voting:

I. The proposal "On the Company Meeting the Conditions for Non-public Offering of Perpetual Corporate Bonds" was deliberated and approved with 9 votes in favor, 0 votes against, and 0 abstentions. Based on the relevant provisions of the Company Law, the Securities Law, the Measures for the Administration of the Issuance and Trading of Corporate Bonds, and other laws, regulations, and normative documents, and after a self-inspection of the Company's actual situation, it is determined that the Company meets the conditions and requirements of the current policies for the non-public offering of perpetual corporate bonds and is qualified for a one-time or phased non-public offering of perpetual corporate bonds to professional investors.

The proposal was reviewed and approved by the Company's Board Strategy and ESG Committee. This proposal is subject to the approval of the fourth extraordinary general meeting of shareholders in 2026.

II. The proposal "On the Proposed Non-public Offering of Perpetual Corporate Bonds" was deliberated and approved item by item. To further broaden the Company's financing channels, optimize its debt structure, and reduce financing costs, the Company plans to conduct a non-public offering of perpetual corporate bonds to professional investors, either in one tranche or in multiple tranches. The specific plan is as follows:

1. Issuance Scale The scale of this issuance of perpetual corporate bonds shall not exceed RMB 1 billion (inclusive). Voting Result: 9 votes in favor, 0 votes against, 0 abstentions.

2. Issuance Method This perpetual corporate bond will be issued through a non-public offering. After obtaining approval, it can be issued in one tranche or multiple tranches. Voting Result: 9 votes in favor, 0 votes against, 0 abstentions.

3. Face Value and Issuance Price The face value of each perpetual corporate bond will be RMB 100, and it will be issued at par. Voting Result: 9 votes in favor, 0 votes against, 0 abstentions.

4. Issuance Target The issuance target for this perpetual corporate bond will be professional investors who meet the conditions stipulated in the Securities Law, the Measures for the Administration of the Issuance and Trading of Corporate Bonds, and other relevant regulations. Voting Result: 9 votes in favor, 0 votes against, 0 abstentions.