Hualitong Corporation: Received inquiries from the Shanghai Stock Exchange regarding the acquisition of Ascendant Clean Equity.

Huali Group announced that it received an inquiry letter from the Shanghai Stock Exchange on January 18, 2026 regarding the acquisition. On January 16, the company planned to acquire 19% of the shares of Shenghui Cleaning for 47.5 million Hong Kong dollars. The Shanghai Stock Exchange requested the company to explain the purpose of the transaction, the reasons for the investment, necessity, and risks; to provide information on the target company and transaction arrangements including pricing basis, reasons for decline in performance, etc.; and to disclose insider information management during the acquisition process and verify the trading situation of insiders. The company must disclose its response to the inquiry letter within 5 trading days.