Progress Announcement on Major Asset Restructuring Plan

1. Securities Code: 300368
   Securities Abbreviation: Huijin Co., Ltd.
   Announcement Number: 2026-006

Progress Announcement on Major Asset Restructuring Plan

Hebei Huijin Group Co., Ltd. (hereinafter referred to as "the Company" or "the Listed Company") and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, with no false records, misleading statements, or significant omissions.

Special Reminder:

1. On August 29, 2025, Hebei Huijin Group Co., Ltd. disclosed the "Progress Announcement on Major Asset Restructuring and Signing of the 'Cash Purchase Asset Intent Agreement'" (Announcement Number: 2025-063). The Company is planning to purchase a 20% equity stake in Cooper New Energy Co., Ltd. (hereinafter referred to as "Cooper New Energy" or "the Target Company") for cash. Meanwhile, the shareholder Yu Chunsheng of Cooper New Energy will ensure that the Listed Company holds no less than 51% of the voting rights of the Target Company by entrusting or transferring no less than 31% of the voting rights to the Listed Company. The specific acquisition plan and proportion are subject to further verification and negotiation. Upon completion of this transaction, Cooper New Energy will become a controlling subsidiary of the Company.
2. As of the date of this announcement, the due diligence, audit, and evaluation work related to this transaction have not been completed, and the specific plan for the transaction still requires further verification and negotiation among the parties involved. The Listed Company and the Target Company still need to fulfill necessary internal and external decision-making and approval procedures. There remains significant uncertainty regarding this transaction, and investors are advised to be aware of investment risks.
3. The Company’s initial disclosure of the restructuring indicative announcement is nearing six months, and it has not disclosed the restructuring plan. However, the Company intends to continue advancing this major asset restructuring matter, and the specific content is announced as follows: