Huaxi Energy: Transfer of 500,000 shares of the controlling shareholder completed through judicial auction.

Huaxi Energy announced that the 500,000 shares of the company held by the controlling shareholder Li Renchao will complete the transfer registration on December 25, 2025. This portion of shares accounts for 0.36% of the shares held at the time of auction and 0.04% of the total share capital of the company. The shares were sold by the People's Court of Jintang County, Sichuan Province, due to a judicial ruling. The transferee of the judicial auction must comply with relevant reduction rules for shares, and cannot reduce their holdings within six months of acquisition. The transfer of shares will not have a significant adverse impact on the company's production, operation, or governance, and the company's operations are normal.