Hunan Huasheng Co., Ltd. Announcement on the Suspension of Review by the Shanghai Stock Exchange Due to the Need to Update Filing Documents and Financial Data

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Stock code: 600156 Stock abbreviation: Huasheng Co., Ltd. Announcement No.: Lin 2026-014

Hunan Huasheng Co., Ltd.

Announcement on the Shanghai Stock Exchange’s notice of suspension of review for financial data in the declaration documents that need to be updated

The board of directors of the Company and all its directors hereby guarantee that the contents of this announcement contain no false records, misleading statements, or material omissions, and assume legal responsibility for the authenticity, accuracy, and completeness of the contents.

Hunan Huasheng Co., Ltd. (hereinafter referred to as the “Company”) intends to purchase 97.40% of the shares of Shenzhen Yixin Technology Co., Ltd. by issuing shares and paying cash, and to issue shares to its controlling shareholder, Hunan Xingxiang Investment Holding Group Co., Ltd., to raise supporting funds (hereinafter referred to as the “Transaction”).

On March 31, 2026, the Company received a notice from the Shanghai Stock Exchange (hereinafter referred to as the “SSE”). The review was suspended for the matters concerning the issuance of shares and paying cash to purchase assets and raising supporting funds by way of a related-party transaction.

I. Explanation for the suspension of the review of this Transaction

The audited most recent period financial statement cut-off date used for this Transaction is June 30, 2025. Pursuant to Article 69 of the “Guidelines on the Content and Format of Information Disclosure by Companies Offering Securities to the Public No. 26—Major Asset Restructuring of Listed Companies,” the audited financial information for the most recent period is valid within six months after the cut-off date of the financial report; for this Transaction involving issuing shares, in special circumstances, the validity period may be appropriately extended, but the extension shall not exceed three months. Therefore, the audited financial data for the restructuring report became invalid on March 31, 2026.

On March 31, 2026, the Company received a notice from the SSE. Since the financial information recorded in the application documents for this Transaction has passed its validity period, additional submission is required. In accordance with the relevant provisions of the “Shanghai Stock Exchange Administrative Rules for Review of Major Asset Restructurings of Listed Companies,” the SSE has suspended its review of the matters of this Transaction. At present, the updating work for the financial data is still in preparation.

II. Relevant progress of this Transaction

On December 30, 2025, the Company received the SSE’s notice titled “Notice on the Acceptance of the Application of Hunan Huasheng Co., Ltd. for the Issuance of Shares to Purchase Assets and the Raising of Supporting Funds” (SSE No.: SZSE Shang Shen (M&A Restructuring) [2025] 111), and on January 5, 2026, it disclosed the “Hunan Huasheng Co., Ltd. Report on the Issuance of Shares and the Purchase of Assets by Paying Cash and the Raising of Supporting Funds and the Related-Party Transaction (Submission Draft)” and other related documents.

On January 13, 2026, the Company received the SSE’s “SSE Inquiry Letter on the Application of Hunan Huasheng Co., Ltd. for the Issuance of Shares to Purchase Assets and the Raising of Supporting Funds by Paying Cash and for the Related-Party Transaction” (SSE No.: SZSE Shang Shen (M&A Restructuring) [2026] 2), and on March 13, 2026, it disclosed the “Reply of the Shanghai Stock Exchange to the ‘SSE Inquiry Letter on the Application of Hunan Huasheng Co., Ltd. for the Issuance of Shares to Purchase Assets and the Raising of Supporting Funds by Paying Cash and for the Related-Party Transaction’” and other related documents.

For the specific contents of the aforementioned matters, please refer to the relevant announcements disclosed by the Company on the SSE website (www.sse.com.cn).

As of the date of disclosure of this announcement, the Company and the relevant parties are proceeding in an orderly manner with all the work involved in this Transaction. In the next step, the Company will, based on the progress of this Transaction, strictly comply with the requirements of relevant laws and regulations to fulfill its information disclosure obligations in a timely manner.

III. Impact of the suspension of the review on the Company and subsequent arrangements

The suspension of the review will not have a material adverse impact on this Transaction. The Company’s business operations are normal. The Company and the relevant intermediary institutions are actively promoting work such as updating financial data and the updating of application documents. After the related work is completed, the Company will submit the updated application materials to the SSE as soon as possible and promptly apply for the resumption of the review.

IV. Risk warning

This Transaction still needs to be formally implemented after obtaining approval from the SSE and the consent of the China Securities Regulatory Commission to registration. Whether the Transaction can obtain the above approvals and registration, as well as the time for obtaining the above approvals and registration, are subject to uncertainty. The Company will, based on the progress of this Transaction, strictly comply with the relevant laws and regulations and fulfill its information disclosure obligations in a timely manner in accordance with requirements. Investors are kindly requested to pay attention to subsequent announcements and be aware of investment risks.

This announcement is hereby issued.

Board of Directors of Hunan Huasheng Co., Ltd.

April 1, 2026

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