2026 Plan for Issuance of Shares to Specific Targets by Shandong Hongqiao Aluminum Holdings Co., Ltd.

Stock Code: 002379 Stock Abbreviation: Hongqiao Holdings

Shandong Hongqiao Aluminum Holdings Co., Ltd.

(No. 12, South Side of Huixian 1st Road, Economic Development Zone, Zouping City, Binzhou City, Shandong Province)

2026 Plan for Issuance of Shares to Specific Targets

July 2026

[Chart: Hongqiao Holdings Logo]

Issuer Statement

1. The company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the contents of this plan, confirm that there are no false records, misleading statements, or major omissions, and assume individual and joint legal liability for the truthfulness, accuracy, and completeness of the contents of this plan.

2. This plan is prepared in accordance with the requirements of the "Administrative Measures for the Issuance of Securities by Listed Companies" and other laws, regulations, and normative documents.

3. After the completion of this issuance of shares to specific targets, the company is solely responsible for changes in its operations and earnings; investment risks arising from this issuance are the responsibility of the investors.

4. This plan is the Board of Directors' explanation of this issuance of shares to specific targets, and any statement contrary to this is a false statement.

5. Investors with any questions should consult their stockbroker, lawyer, professional accountant, or other professional advisor.

6. The matters described in this plan do not represent a substantive judgment, confirmation, or approval by the approval authorities regarding the matters related to this issuance. The effectiveness and completion of the matters related to this issuance are subject to the approval or registration of the relevant approval authorities.

Special Notice

1. The plan for this issuance of shares to specific targets has been reviewed and approved at the second extraordinary meeting of the seventh session of the Board of Directors. It is still subject to approval by the company's shareholders' meeting, review by the Shenzhen Stock Exchange, and registration approval by the CSRC before it can be implemented.

2. The number of target subscribers for this issuance shall not exceed 35 (inclusive). These are specific investors meeting the conditions stipulated by the CSRC, including qualified securities investment fund management companies, securities companies, trust companies, finance companies, insurance institutional investors, qualified foreign institutional investors, and other legal entities, natural persons, or other qualified investors meeting CSRC requirements.

The final target subscribers will be determined by the Board of Directors, as authorized by the shareholders' meeting, after the issuance application is approved by the Shenzhen Stock Exchange and registered by the CSRC, in accordance with relevant regulations and based on the results of competitive bidding and consultation with the sponsor (lead underwriter).

Target subscribers for this issuance will subscribe for the shares in cash.

1. The pricing benchmark date for this issuance is the first day of the issuance period. The issuance price shall not be lower than 80% of the average trading price of the company's A-shares for the 20 trading days preceding the pricing benchmark date.

If the company's stock undergoes ex-rights or ex-dividend events such as dividend distribution, bonus shares, or capitalization of capital reserves between the pricing benchmark date and the issuance date, the floor price for this issuance will be adjusted accordingly.

1. The number of shares to be issued shall be determined by dividing the total amount of raised funds by the issuance price, and shall not exceed 10% of the total share capital of the listed company prior to this issuance.

2. The total amount of funds raised from this issuance shall not exceed 12.00 billion RMB (inclusive). The net proceeds after deducting issuance expenses will be used for the following projects: