Stock Code: 002362 Stock Abbreviation: Hanwang Technology Announcement No.: 2026-023 Hanwang Technology Inc. Announcement on Seeking Shareholder Approval for the Board of Directors to Issue Shares to Specific Targets Through a Simplified Procedure 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. Hanwang Technology Inc. (hereinafter referred to as the "Company") held its seventh Board of Directors meeting, the fourteenth session, on April 24, 2026, and reviewed and approved the "Proposal on Seeking Shareholder Approval for the Board of Directors to Issue Shares to Specific Targets Through a Simplified Procedure." In accordance with the "Administrative Measures for the Registration of Issuance of Securities by Listed Companies," the "Shenzhen Stock Exchange Stock Issuance and Listing Review Rules," and the "Shenzhen Stock Exchange Implementation Rules for Securities Issuance and Underwriting Business," etc., the Company's Board of Directors hereby proposes to the Shareholders' Meeting to authorize the Board of Directors to issue shares to specific targets through a simplified procedure, with a total fundraising amount not exceeding RMB 300 million and not exceeding 20% of the net assets at the end of the most recent year. The authorization period shall be from the date of approval by the Company's 2025 Shareholders' Meeting until the date of the 2026 Shareholders' Meeting. This matter is still subject to review by the Company's 2025 Shareholders' Meeting. The matters for authorization include the following: I. Specific Content of Authorization
- Confirmation of whether the Company meets the conditions for issuing shares to specific targets through a simplified procedure The Board of Directors is authorized to conduct self-inspection and verification based on the Company's actual situation and related matters in accordance with the "Company Law of the People's Republic of China," the "Securities Law of the People's Republic of China," the "Administrative Measures for the Registration of Issuance of Securities by Listed Companies," and other relevant laws, regulations, normative documents, and the "Articles of Association," and to confirm whether the Company meets the conditions for issuing shares to specific targets through a simplified procedure.
- Type, number, and par value of shares to be issued The total amount of capital to be raised from this issuance of shares shall not exceed RMB 300 million and shall not exceed 20% of the net assets at the end of the most recent year. The shares to be issued shall be RMB ordinary shares (A shares) listed in China, with a par value of RMB 1.00 per share. The number of shares to be issued shall be determined by dividing the total capital to be raised by the issue price, and shall not exceed 30% of the Company's total share capital before the issuance.
- Issuance method, issuance targets, and arrangements for allocation to existing shareholders This issuance of shares will be conducted through a simplified procedure for issuance to specific targets. The issuance targets shall be no more than 35 specific targets, including legal persons, natural persons, or other legally recognized investment organizations that meet the requirements of the regulatory authorities. For fund management companies, securities companies, qualified foreign institutional investors, and RMB qualified foreign institutional investors subscribing with two or more products under their management, each shall be considered one issuance target. For trust companies acting as issuance targets, they can only subscribe with their own funds. The final issuance targets will be determined by the Company's Board of Directors in consultation with the sponsor (lead underwriter) based on the subscription qu