He Shun Electric: Shareholders holding more than 5% of shares have completed the implementation of the reduction plan, with a total reduction of 0.91% of shares.

FOSHAN HESHUN ELECTRIC ANNOUNCES THAT SHAREHOLDERS YAO JIANHUA AND HIS CONSISTENTLY ACTING PERSON QIN YONG, YAO YAO HAVE IMPLEMENTED A REDUCTION PLAN. FROM FEBRUARY 24, 2026 TO MAY 20, YAO JIANHUA AND QIN YONG ACCUMULATIVELY REDUCED 2.359 MILLION SHARES THROUGH CENTRALIZED BIDDING, ACCOUNTING FOR 0.91% OF THE COMPANY'S TOTAL SHARE CAPITAL. AFTER THE REDUCTION, THE TOTAL STAKE OF YAO JIANHUA AND HIS CONSISTENTLY ACTING PERSONS DECREASED FROM 24.09% TO 23.18%. THIS REDUCTION PLAN HAS BEEN SUCCESSFULLY IMPLEMENTED, DOES NOT INVOLVE A TENDER OFFER, DID NOT LEAD TO A CHANGE IN THE CONTROLLING SHAREHOLDER, AND HAS NO SIGNIFICANT IMPACT ON THE COMPANY'S OPERATIONS.