Zhejiang Huaton Meat Products Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, without any false records, misleading statements, or major omissions.
I. Overview of Related Transactions
(1) Overview of Related Transactions
On August 27, 2024, Zhejiang Huaton Meat Products Co., Ltd. held the third special meeting of the independent directors of the fifth Board of Directors and the eleventh meeting of the fifth Board of Directors, as well as the ninth meeting of the fifth Supervisory Board, to review and approve the proposal regarding the Company's intention to provide property leasing to related parties. The Company agreed to sign a "Lease Contract" with related party Gaole New Energy Technology (Zhejiang) Co., Ltd. (hereinafter referred to as "Gaole New Energy") to lease Factory No. 6 located in the Gutang Industrial Zone, Yiting Town, with a leased area of 17,660.16 square meters, at a rental price of 32 yuan per square meter per month, resulting in an annual rent of 6,781,501.44 yuan. For specific details, please refer to the announcement disclosed by the Company on August 29, 2024, on the Giant Tide Information Network (www.cninfo.com.cn).
Due to current new energy industry policies, industry development trends, market conditions, business environment, and operational status, Gaole New Energy has decided to terminate the nano solid-state battery project and terminate the agreements related to the nano solid-state battery project. After friendly consultations, both parties signed the "Lease Contract Termination Agreement" on April 29, 2026, to terminate the "Lease Contract" signed on September 2, 2024.
(2) Explanation of Related Relationships
Gaole New Energy is a wholly-owned subsidiary of Guangdong Gaole Co., Ltd. The controlling shareholder of Guangdong Gaole Co., Ltd. changed on February 12, 2026, with the previous controlling shareholder being Huaton Group Co., Ltd. The Company's controlling shareholder is Huaton Group Co., Ltd., and the Company's director Zhu Jianyong serves as the executive director of Gaole New Energy, thus constituting a related party in accordance with the provisions of the "Shenzhen Stock Exchange Stock Listing Rules."
(3) Review of Related Transactions
On April 29, 2026, the second special meeting of the independent directors of the fifth Board of Directors reviewed and approved the proposal to terminate the property leasing and related transactions. All independent directors unanimously agreed to submit the proposal to the Board of Directors for review. On the same day, the Company held the thirtieth meeting of the fifth Board of Directors to review and approve the proposal. Related directors Zhu Jianyong, Zhu Jianjun, Zhu Genxi, and Zhu Kai abstained from voting, and the four non-related directors all voted in favor. The termination of the property leasing to related parties constitutes a related transaction but does not constitute a major asset restructuring as defined by the "Measures for the Administration of Major Asset Restructuring of Listed Companies," and is within the approval authority of the Board of Directors, thus not requiring submission to the shareholders' meeting for review.