Progress Announcement on the Re-signing of the Share Transfer Agreement by the Controlling Shareholder and Proposed Change of Company Control

Special Reminder:

1. On February 13, 2026, Guangzhou Hangxin Aviation Technology Co., Ltd. (hereinafter referred to as "Hangxin Technology," "the Company," or "the Listed Company") announced that its controlling shareholder, Guangzhou Hengmao Venture Capital Partnership (Limited Partnership) (hereinafter referred to as "Guangzhou Hengmao"), re-signed the "Share Transfer Agreement" with Quzhou Chuangke Future Enterprise Management Partnership (Limited Partnership) (hereinafter referred to as "Quzhou Chuangke") and Hangzhou Changsheng Technology Partnership (Limited Partnership) (hereinafter referred to as "Hangzhou Changsheng"). Quzhou Chuangke and Hangzhou Changsheng also re-signed the "Joint Action and Voting Rights Entrustment Agreement." To eliminate the impact of the share transfer on the holders of the Company's convertible bonds, the newly signed "Share Transfer Agreement" and "Joint Action and Voting Rights Entrustment Agreement" mainly redefined the shareholding ratios, transfer prices, and payment arrangements. The previous "Share Transfer Agreement" signed on October 27, 2025, between Guangzhou Hengmao and Quzhou Chuangke, Hangzhou Changsheng, and the "Joint Action and Voting Rights Entrustment Agreement" signed between Quzhou Chuangke and Hangzhou Changsheng on the same date have been terminated simultaneously.

2. This equity change involves a change in the Company's controlling shareholder and actual controller. Before the completion of this transaction, the Company's controlling shareholder is Guangzhou Hengmao, and the actual controller is Yu Hou. The Company and all members of the board guarantee that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or significant omissions.

3. Guangzhou Hengmao holds 36,705,964 shares of the Company, accounting for 14.9555% of the total share capital of the listed company. In this transaction, Guangzhou Hengmao will transfer its 36,705,964 shares to Quzhou Chuangke and Hangzhou Changsheng, with Quzhou Chuangke acquiring 23,905,964 shares (9.7402% of the total share capital) and Hangzhou Changsheng acquiring 12,800,000 shares (5.2152% of the total share capital). Quzhou Chuangke and Hangzhou Changsheng are acting in concert, and Hangzhou Changsheng intends to entrust the voting rights corresponding to its 12,800,000 shares to Quzhou Chuangke. After the completion of this transaction, Quzhou Chuangke will hold the voting rights for 14.9555% of the Company's shares, changing the controlling shareholder to Quzhou Chuangke and the actual controller to Hu Chen.