Announcement on the Election of the Company's Board of Directors

Securities Code: 002451 Securities Abbreviation: Moen Electric Announcement No.: 2026-030 Shanghai Moen Electric Co., Ltd. Announcement on the Election of the Company's Board of Directors The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of this announcement, and that there are no false records, misleading statements, or material omissions. The term of the Sixth Board of Directors of Shanghai Moen Electric Co., Ltd. (hereinafter referred to as the "Company") is about to expire. In accordance with the "Company Law of the People's Republic of China" (hereinafter referred to as the "Company Law"), the "Shenzhen Stock Exchange Stock Listing Rules," the "Shenzhen Stock Exchange Listed Company Self-Regulatory Guidelines No. 1 - Normative Operation of Main Board Listed Companies," and other relevant laws, regulations, normative documents, and the "Company Articles of Association," the Company has decided to hold an election for the board of directors. The details are hereby announced as follows: I. Election of the Board of Directors In accordance with the "Company Articles of Association," the Company's board of directors is composed of seven directors, including three non-independent directors, three independent directors, and one employee representative director (to be elected separately by the Company's employee representative assembly). On June 18, 2026, the Company held the 21st meeting of the Sixth Board of Directors, which reviewed and approved the "Proposal on the Election of the Board of Directors and Nomination of Candidates for the Seventh Board of Directors Non-Independent Directors" and the "Proposal on the Election of the Board of Directors and Nomination of Candidates for the Seventh Board of Directors Independent Directors." Upon the nomination of Mr. Wen Zeyun, the controlling shareholder of the Company, and the qualification review by the Nomination Committee of the Sixth Board of Directors, the Board of Directors agreed to nominate Ms. Zhu Zhilan, Mr. Chen Lei, and Mr. Huang Shenzhi as candidates for non-independent directors of the Seventh Board of Directors (excluding the employee representative director). It also agreed to nominate Mr. Pan Zhiqiang, Mr. Qiang Yongchang, and Mr. Peng Guigang as candidates for independent directors of the Seventh Board of Directors. These candidates will be submitted to the Company's shareholders' meeting for election, and the cumulative voting system will be used for item-by-item voting on the candidates for non-independent directors and independent directors, respectively. The term of office for the directors of the Seventh Board of Directors will be three years, commencing from the date of election at the Company's second extraordinary shareholders' meeting in 2026 until the expiration of the term of the Seventh Board of Directors. The resumes of the above director candidates are detailed in the appendix. The Company will separately convene an employee representative assembly to elect one employee representative director, who, together with the directors elected by the Company's shareholders' meeting, will form the Seventh Board of Directors of the Company, with a term of office consistent with that of the Seventh Board of Directors. II. Other Matters The Nomination Committee of the Sixth Board of Directors has reviewed the eligibility of the above candidates for non-independent and independent directors of the Seventh Board of Directors and believes that the above director candidates meet the requirements of the "Company Law," the "Shenzhen Stock Exchange Stock Listing Rules," the "Shenzhen Stock Exchange Listed Company Self-Regulatory Guidelines No. 1 - Normative Operation of Main Board Listed Companies," and other relevant laws, regulations, normative documents, and the "Company Articles of Association" regarding the qualification requirements for company directors. It is agreed to submit this election matter to the Board of Directors for review. This board election matter still needs to be submitted to the Company's shareholders' meeting for review. The independent director candidates Mr. Pan Zhiqiang, Mr. Qiang Yongchang, and Mr. Peng Guigang have all obtained independent director qualification certificates. Among them, Mr. Peng Guigang is an accounting professional. The eligibility and independence of the above independent director candidates need to be reviewed and approved by the Shenzhen Stock Exchang