Zhongheng Group: The extension of the duration of Guangxi Defu and the related transactions have been approved by the board of directors.

Zhongheng Group announced that the operational term of its consolidated partnership enterprise, Guangxi Defu Yuan, will expire on June 30, 2026, and it plans to extend this term until May 30, 2027. This matter has been approved by the relevant meeting of the company's 10th board of directors, with related directors abstaining from voting, and does not need to be submitted for approval at the shareholders' meeting. This transaction constitutes a related party transaction, does not constitute a major asset reorganization, and does not involve new capital investment. The capital contributions and proportions of each partner will remain unchanged and still require approval through a vote at the fund partners' meeting, which carries uncertainties.