[Chart: Hiconics Logo]
Beijing Hiconics Eco-energy Technology Co., Ltd.
(Registered Address: Floor 1, Building 2, No. 3 Boxin Second Road, Beijing Economic-Technological Development Area, Beijing)
2026 Plan for Issuance of A-Shares to Specific Targets (Revised Draft)
August 2026
Issuer Statement
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The Company and all members of the Board of Directors guarantee that the contents of this plan are true, accurate, and complete, and confirm that there are no false records, misleading statements, or major omissions, and assume individual and joint legal liability for the authenticity, accuracy, and completeness of the contents of this plan.
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This plan is prepared in accordance with the requirements of the Company Law of the People's Republic of China, the Securities Law of the People's Republic of China, the Administrative Measures for the Issuance and Registration of Securities by Listed Companies, and other laws, regulations, and normative documents.
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Upon completion of this issuance of A-shares to specific targets, the Company is solely responsible for changes in its operations and earnings; investors shall bear the investment risks arising from this issuance of A-shares to specific targets.
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This plan is the Board of Directors' explanation of this issuance of A-shares to specific targets; any statements to the contrary are false.
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If investors have any questions, they should consult their stockbroker, lawyer, professional accountant, or other professional advisor.
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The matters described in this plan do not represent a substantive judgment, confirmation, approval, or registration by the approval authorities regarding the matters related to this issuance of shares to specific targets. The effectiveness and completion of the matters related to this issuance of shares to specific targets are still subject to the review and approval of the Shenzhen Stock Exchange and the decision of the China Securities Regulatory Commission to approve the registration.
Special Notice
The terms or abbreviations used in this section have the same meanings as those defined in the "Definitions" section of this plan.
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The matters related to this issuance of shares to specific targets have been reviewed and approved by the 28th meeting of the 6th Board of Directors, the 2025 Annual General Meeting of Shareholders, and the 3rd meeting of the 7th Board of Directors. In accordance with relevant laws and regulations, this issuance of shares to specific targets is still subject to the review and approval of the Shenzhen Stock Exchange and the decision of the China Securities Regulatory Commission to approve the registration before it can be implemented. After completing the above approval procedures, the Company will apply to the Shenzhen Stock Exchange and the Shenzhen Branch of China Securities Depository and Clearing Corporation Limited for the issuance and listing of the shares.
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The target of this issuance of shares to specific targets is Midea Group. Midea Group will subscribe for all the shares issued by the Company in this issuance in cash. Midea Group has signed the "Share Subscription Agreement" and the "Supplementary Agreement to the Share Subscription Agreement" with the Company. This issuance constitutes a related-party transaction. The independent directors have held a special meeting of independent directors to review the related-party transaction, and the Audit Committee of the Board of Directors has also held a meeting to review the related-party transaction. When the Board of Directors reviewed the proposals related to this share issuance, the related directors abstained from voting; when the General Meeting of Shareholders reviewed the matters related to this share issuance, the related shareholders abstained from voting on the relevant proposals.
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The pricing benchmark date for this issuance is the first day of the issuance period. The issue price is not less than 80% of the average trading price of the Company's shares for the 20 trading days preceding the pricing benchmark date (Average trading price for the 20 trading days preceding the pricing benchmark date = Total trading amount of shares for the 20 trading days preceding the pricing benchmark date / Total trading volume of shares for the 20 trading days preceding the pricing benchmark date).