Xinhongye: The election of the third board of directors of the company is completed and the board of directors has completed its term.

Xin Hongye Announcement: The company held the 4th interim shareholders' meeting of 2025 on December 18, 2025, and elected the directors of the third board of directors and completed the board of directors' transition. The third board of directors consists of 7 directors, including 4 non-independent directors and 3 independent directors. The non-independent directors are Bu Xiaohua, Sun Qunxia, Chen Ling, and Zhao Shupeng, while the independent directors are Yu Fang, Song Qichao, and Cui Huachun.