Shenzhen Shenghong Electric Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of the information disclosure is true, accurate, and complete, without false records, misleading statements, or major omissions.
I. Overview of Basic Information
On January 8, 2026, the Company held the tenth meeting of the fourth Board of Directors, which reviewed and approved the proposal on the capital increase and employee stock ownership platform of its wholly-owned subsidiary, Shenzhen Shenghong New Energy Equipment Co., Ltd. (hereinafter referred to as "Shenghong New Energy"). It was agreed that Shenghong New Energy would implement a capital increase and introduce an employee stock ownership platform. After the transaction is completed, Shenghong New Energy's registered capital will increase from 50 million yuan to 63.6943 million yuan, and the Company's shareholding in Shenghong New Energy will change from 100% to 78.5%. For specific details, please refer to the announcement on the capital increase and employee stock ownership platform of the wholly-owned subsidiary (2026-002) on the Giant Tide Information Network (www.cninfo.com.cn).