Announcement on the Share Repurchase Plan

Stock Code: 301011 Stock Abbreviation: Huali Technology Announcement No.: 2026-035

Guangzhou Huali Technology Co., Ltd.

Announcement on the Share Repurchase Plan

Important Content Notice:

1. Type of shares to be repurchased: RMB ordinary shares (A shares) already issued by the company.

2. Purpose of share repurchase: To maintain company value and shareholder equity.

3. Total amount and price of the repurchase: The total funds for this repurchase shall be no less than RMB 10 million and no more than RMB 20 million. The repurchase price shall not exceed RMB 21.64 per share. The specific total amount of the repurchase shall be based on the actual funds used.

4. Quantity and proportion of shares to be repurchased: Under the condition that the repurchase price does not exceed RMB 21.64 per share, based on the upper limit of RMB 20 million, the estimated number of shares to be repurchased is 924,214, accounting for approximately 0.60% of the current total share capital. Based on the lower limit of RMB 10 million, the estimated number of shares to be repurchased is 462,107, accounting for approximately 0.30% of the current total share capital. The specific number of shares repurchased shall be based on the actual number of shares repurchased at the expiration of the repurchase period.

5. Source of funds: Own or self-raised funds (including special loans for share repurchases, etc.).

6. Method of repurchase: Centralized bidding.

7. Repurchase period: No more than 3 months from the date the company's shareholders' meeting approves this repurchase plan.

8. Whether relevant shareholders have reduction plans: As of the disclosure date of this announcement, the company's directors, senior management, controlling shareholders and their persons acting in concert, actual controllers, and shareholders holding 5% or more of the company's shares have no plans to reduce their holdings in the next three months or the next six months. If relevant subjects intend to implement share reductions in the future, the company will strictly fulfill its information disclosure obligations in accordance with relevant laws and regulations.

9. This announcement describes the risks that may lead to the failure of the repurchase plan in "III. Risk Warning". The company will make repurchase decisions based on market conditions within the repurchase period and implement them, while fulfilling information disclosure obligations in a timely manner according to the progress of the repurchase. Investors are advised to pay attention to investment risks.

I. Main Content of the Share Repurchase Plan

(I) Purpose of the share repurchase

Based on confidence in the company's future development and recognition of the company's value, in order to maintain company value and shareholder equity and enhance investor confidence, after comprehensively considering the company's operating conditions, financial status, and performance in the secondary stock market, the company intends to use its own or self-raised funds to repurchase some of the company's shares through centralized bidding. The repurchased shares will be sold in accordance with relevant regulations.

(II) Compliance with relevant conditions

This repurchase matter complies with the conditions stipulated in the "Rules for Share Repurchases by Listed Companies" and Article 10 of the "Shenzhen Stock Exchange Self-Regulatory Guidelines for Listed Companies No. 9 — Share Repurchases":

1. The company's shares have been listed for at least six months;

2. The company has had no major illegal acts in the last year;

3. After the repurchase, the company possesses debt-servicing capacity and continuous operating capacity;

4. After the repurchase, the company's equity distribution should, in principle, meet the listing conditions;

5. Other conditions stipulated by the China Securities Regulatory Commission (CSRC) and the Shenzhen Stock Exchange.

The highest closing price of the company's stock in the last year was on August 20, 2025, at RMB 32.22 per share. On August 14, 2026, the closing price was RMB 14.96 per share, which is less than 50% of the highest closing price in the last year. This repurchase complies with the "necessary to maintain company value and shareholder equity" condition stipulated in Article 2, Paragraph 2 of the "Shenzhen Stock Exchange Self-Regulatory Guidelines for Listed Companies No. 9 — Share Repurchases".