Shaoyang Hydraulic: The company plans to issue shares and pay cash to purchase 100% of the shares of Xin Cheng Hang Rui.

Shaoyang Hydraulics announcement: the company intends to issue shares and pay cash to purchase 100% of the shares of Chongqing Xincheng Hangrui Technology Co., Ltd. from 33 shareholders including Ling Jun and Deng Hongxin, and raise supporting funds. On January 15, 2026, the company received an inquiry letter from the Shenzhen Stock Exchange regarding the application for the issuance of shares and payment of cash to purchase assets and raise supporting funds by Shaoyang Weike Hydraulic Co., Ltd. The company and relevant intermediaries have provided detailed explanations, arguments, and responses to the relevant matters. This transaction still requires approval from the Shenzhen Stock Exchange and registration approval from the China Securities Regulatory Commission before it can be implemented.