Shenzhen Hemei Group (002356.SZ)Termination of the sale of equity in Huizhou Haoningda.

Shenzhen Hemei Group (002356.SZ) announced that the company has transferred the 100% equity of its wholly-owned subsidiary Huizhou Haoning Technology Co., Ltd. (hereinafter referred to as "Huizhou Haoningda") to Xiangguang Energy (Guangdong) Co., Ltd. at a transaction price of 112 million yuan. On December 14, 2023, the Supreme People's Court issued Order No. 334 of the Supreme Law Enforcement Monitoring (2023), ruling to revoke the enforcement rulings of the Guangdong High People's Court (2021) Yue Zhi Fu 269, the Shenzhen Intermediate People's Court of Guangdong Province (2020) Yue 03 Zhi Yi 1140, and the Guangdong Shenzhen Intermediate People's Court (2019) Yue 03 Zhi 129. Since the enforcement ruling of Yue 03 Zhi 129 in 2019 was revoked, the 6 properties of Huizhou Haoningda that were being auctioned off will be restored to the name of Huizhou Haoningda according to the enforcement return process. This matter has a significant impact on the value of the 100% equity of Huizhou Haoningda, so the company convened the 6th Board of Directors' 11th meeting on March 27, 2024 to approve the resolution on the "Supplementary Agreement on Signing the Stock Transfer Agreement", collectively agreeing to delay the performance of the Stock Transfer Agreement signed for the sale of the 100% equity of Huizhou Haoningda for 12 months. Based on the above, due to the complex and time-consuming nature of the enforcement return process involved in the "Supplementary Agreement", and changes in objective circumstances, the parties to the transaction have mutually agreed to terminate the transaction.