Announcement of Resolutions of the 37th Meeting of the 8th Board of Directors

Stock Code: 002430 Stock Abbreviation: Hangxiao Shares Announcement No.: 2026-004 Bond Code: 127064 Bond Abbreviation: Hangxiao Convertible Bonds Hangxiao Group Co., Ltd. Announcement of Resolutions of the 37th Meeting of the 8th Board of Directors The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, without false records, misleading statements, or major omissions. Hangxiao Group Co., Ltd. (hereinafter referred to as the "Company" or "this Company") held the 37th meeting of the 8th Board of Directors via communication on March 26, 2026. The notice and meeting materials for this meeting were sent to all directors via fax, email, and other methods on March 21, 2026. The meeting was presided over by Mr. Zheng Wei, Chairman of the Company. Nine directors were expected to attend, and nine directors actually attended. The convening and holding of this meeting comply with the relevant provisions of the "Company Law" and the "Articles of Association," and are legal and valid. The proposals included in the agenda were deliberated upon. In accordance with the provisions of the "Articles of Association," the attending directors voted by written ballot on the following proposals, and the following resolutions were passed: I. Resolution on "Proposal to Invest in the Establishment of a Holding Subsidiary and the Construction and Operation of a 14000Nm³/h Air Separation Unit to Support the Ningdong Gas Island Project" was approved. The Company agrees to jointly establish a joint venture company, Ningxia Ningdong Hangxiao Gas Co., Ltd. (tentative name, the final name shall be subject to the name approved by the local market supervision and ad