Hero Electric: Deliberate on the proposal to increase capital and exchange shares of the holding subsidiary and related party transactions

Engjie Electric announced that the company held the 21st meeting of the fifth board of directors on May 25, 2026, and approved the proposal on "increasing capital and share swap of holding subsidiaries and related party transactions". This related party transaction is beneficial for the holding subsidiary Engjie Chenhui to improve the layout of semiconductor equipment key components business, enhance its sustainable operating capabilities and overall competitiveness. The company waived its preemptive right to subscribe for this capital increase, which will not have any adverse impact on its existing business. Director Zhou Yinghuai, together with his concerted actors, and Chairman Wang Jun abstained from voting, with 7 votes in favor, 0 votes against, 0 votes abstained, and 2 votes abstained.