Huapei Power: Termination of planning to issue convertible corporate bonds and payment of cash to purchase assets. Resumption of stock trading.

Huapei Power announced that the company has decided to terminate the planned acquisition of 100% equity of Meichuangzhigan Automotive Parts Co., Ltd. held by Wuxi Shengyi Industrial Investment Partnership Enterprise through the issuance of convertible corporate bonds and payment in cash, and to issue shares to raise matching funds from no more than 35 specific investors. Due to the existence of equity pledge in the target company, it will take some time to reach a definitive arrangement with the pledgee for the release of the pledge. In order to protect the interests of the company and all shareholders, the company has decided to terminate this major asset restructuring transaction. The company's stock will resume trading from March 9, 2026.