Xingfa Group: Matters related to the issuance of A-shares to specific targets approved by the Yichang State-owned Assets Supervision and Administration Commission.

Xingfa Group announced that recently, the Yichang Municipal State-owned Assets Supervision and Administration Commission issued the "Reply of the State-owned Assets Supervision and Administration Commission of the Yichang Municipal People's Government on Matters Concerning Hubei Xingfa Chemicals Group Co., Ltd.'s 2026 Targeted Issuance of A-Shares to Specific Investors," in principle agreeing to the company's 2026 plan for the targeted issuance of A-shares to specific investors. The company's current plan for the targeted issuance of A-shares to specific investors still needs to be approved by the company's shareholders' meeting, approved by the Shanghai Stock Exchange, and registered with the consent of the China Securities Regulatory Commission before it can be implemented.