Shenzhen Huashengchang Technology Industrial 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 false records, misleading statements, or significant omissions.
I. Reasons for Notifying Creditors
On November 8, 2025, the Company held the seventh meeting of the third Board of Directors and approved the proposal regarding the repurchase and cancellation of certain restricted stocks under the 2024 Stock Incentive Plan. Due to one incentive recipient's departure, which disqualified them from the incentive program, and 19 incentive recipients failing to meet the performance assessment criteria for the first unlock period, the Board agreed to repurchase and cancel 54,376 restricted stocks that had been granted but not yet unlocked for 20 incentive recipients.