002364SZSE

Resolution Announcement of the Seventh Meeting of the Ninth Board of Directors

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The Board of Directors of Hangzhou Zhongheng Electric Co., Ltd. held its seventh meeting, approving the 2025 work reports of the General Manager and the Board of Directors, the 2025 annual report, and the 2025 financial report. Key decisions included the 2025 profit distribution plan and the renewal of the accounting firm's engagement.

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Stock Code: 002364 Stock Abbreviation: Zhongheng Electric Announcement Number: 2026-07

Resolution Announcement of the Seventh Meeting of the Ninth Board of Directors

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 major omissions.

The notice for the seventh meeting of the ninth Board of Directors of Hangzhou Zhongheng Electric Co., Ltd. (hereinafter referred to as the "Company") was issued via email on April 7, 2026. The meeting was held on April 17, 2026, in the conference room on the 20th floor of the Company's building at No. 69 Dongxin Avenue, Binjiang District, Hangzhou, through on-site and written voting. Seven directors were eligible to attend, and seven directors actually attended. Directors Bao Xiaoru, Ye Xiaojian, and Jiang Ning attended via written means. The meeting was chaired by Bao Xiaoru, Chairman of the Board, and senior management personnel of the Company attended the meeting. The convening and holding procedures of this meeting comply with the relevant laws and regulations and the "Company Articles of Association." The meeting deliberated on the following proposals:

I. With 7 votes in favor, 0 votes against, and 0 abstentions, the "2025 General Manager's Work Report" was approved.

II. With 7 votes in favor, 0 votes against, and 0 abstentions, the "2025 Board of Directors' Work Report" was approved.

The specific content of the Board of Directors' Work Report can be found in the "Third Section: Management Discussion and Analysis" and "Fourth Section: Corporate Governance" of the "2025 Annual Report" disclosed by the Company on the CNINFO website (www.cninfo.com.cn, hereinafter referred to as the same) on April 21, 2026.

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