Announcement on the Deregistration of Wholly-Owned Subsidiaries
Zhejiang Hangqilun Power Technology Group 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.
The Company held the third temporary meeting of the sixth Board of Directors on June 1, 2026, via communication, and approved the proposal on the deregistration of wholly-owned subsidiaries. According to the Company's 14th Five-Year Plan and business operations, in order to further optimize resource allocation and effectively enhance operational efficiency, the Company intends to deregister Shenzhen Hailianxun Investment Management Co., Ltd. and Hangzhou Hailian Shudong Technology Co., Ltd.
According to the Shenzhen Stock Exchange GEM Listing Rules, the Company’s Articles of Association, and relevant laws and regulations, this deregistration does not involve related transactions, does not constitute a major asset reorganization, and is within the decision-making authority of the Board of Directors, thus does not require submission to the shareholders' meeting for review. The deregistration is subject to approval from the higher competent authority before implementation.