Announcement on the Completion of the Board of Directors Election and the Appointment of Senior Management Personnel, Securities Affairs Representative, and Head of Internal Audit Department

Securities Code: 002724 Securities Abbreviation: Haiwang Announcement No.: 2026-033

Haiwang Lighting Technology Co., Ltd.

Announcement on the Completion of the Board of Directors Election and the Appointment of Senior Management Personnel, Securities Affairs Representative, and Head of Internal Audit Department

The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed herein, and are free from any false representations, misleading statements, or material omissions.

Haiwang Lighting Technology Co., Ltd. (hereinafter referred to as the "Company") held its 2026 Second Extraordinary General Meeting of Shareholders on June 26, 2026, which elected the non-independent directors and independent directors of the Seventh Board of Directors. On the same day, the Company held the First Meeting of the Seventh Board of Directors, which elected the Chairman of the Seventh Board of Directors, members of the specialized committees of the Board, and appointed senior management personnel, the Securities Affairs Representative, and the Head of the Internal Audit Department. As of the date of this announcement, the election and appointment process for the Company's Board of Directors has been completed. The relevant matters are hereby announced as follows:

I. Composition of the Seventh Board of Directors

1. Non-independent Directors: Ms. Zhou Shi, Ms. Li Caifen (Chairperson), Mr. Qiu Liangjie, Mr. Li Wenbing, Ms. Zeng Chunlian

2. Independent Directors: Mr. Zhang Shunduan, Mr. Zhang Yongkui, Mr. Wang Yi

3. Employee Representative Director: Mr. Cheng Lin

The Seventh Board of Directors is composed of the above 9 directors. Mr. Zhang Shunduan has served as an independent director of the Company since September 14, 2022. According to the "Administrative Measures for Independent Directors of Listed Companies" and other relevant regulations, the term of office for independent directors shall not exceed six years. Therefore, Mr. Zhang Shunduan's term will expire on September 13, 2028, from the date of approval by the shareholders' meeting. Except for Mr. Zhang Shunduan, the term of office for other directors is three years from the date of approval by the shareholders' meeting.

The number of candidates for the Seventh Board of Directors who concurrently serve as senior management personnel and the number of directors who are employee representatives do not exceed one-half of the total number of directors. The number of independent director candidates is not less than one-third of the total number of directors. The number and composition of directors comply with relevant laws, regulations, and regulatory documents.

The resumes of the members of the Seventh Board of Directors are detailed in the "Announcement on the Election of Employee Representative Directors" disclosed on the same day on the website of Juchao Information Network (www.cninfo.com.cn), and the Company's announcement on Juchao Information Network on June 11, 2026.

II. Composition of the Specialized Committees of the Seventh Board of Directors

The Seventh Board of Directors has established the Strategy Committee, the Audit Committee, and the Nomination and Remuneration Committee. The proposed composition of members for each specialized committee is as follows:

1. Strategy Committee: Ms. Li Caifen (Chairperson), Mr. Qiu Liangjie, Mr. Li Wenbing, Mr. Wang Yi

2. Audit Committee: Mr. Zhang Yongkui (Chairperson), Mr. Zhang Shunduan, Mr. Cheng Lin

3. Nomination and Remuneration Committee: Mr. Zhang Shunduan (Chairperson), Mr. Wang Yi, Mr. Li Wenbing

All members of the specialized committees of the Seventh Board of Directors are directors. Among them, independent directors constitute the majority in the Audit Committee and the Nomination and Remuneration Committee and serve as chairpersons. The chairperson of the Audit Committee is a professional accountant, which complies with relevant laws, regulations, and regulatory documents.

III. Appointment of Senior Management Personnel, Securities Affairs Representative, and Head of Internal Audit Department