Securities code: 688608 Securities abbreviation: Hengxuan Technology Announcement No.: 2024-058

Hengxuan Technology (Shanghai) Co., Ltd

Announcement of the resolution of the first extraordinary general meeting of shareholders in 2024

The board of directors and all directors of the company guarantee that there are no false records, misleading statements or material omissions in the content of the announcement, and assume legal responsibility for the authenticity, accuracy and completeness of its content in accordance with the law.

Important Content Notes:

Is there a rejected resolution at this meeting: None

1. Convening and attendance of meetings

(1) Time of the General Meeting of Shareholders: November 12, 2024

(2) The place of the general meeting of shareholders: 10, Block B, Changtai Plaza, Lane 2889, Jinke Road, Pudong New Area, Shanghai

Company meeting room on the floor

(3) Shareholders of ordinary shares, shareholders with special voting rights, shareholders of preferred shares with restored voting rights and the number of voting rights held by them attending the meeting:

1. Number of shareholders and proxies present at the meeting 98

Number of common shareholders 98

2. The number of voting rights held by shareholders attending the meeting 42,446,174

The number of votes held by ordinary shareholders is 42,446,174

3. The ratio of the number of voting rights held by shareholders attending the meeting to the number of voting rights of the company

Example (%) 35.4713

Ratio of the number of voting rights held by ordinary shareholders to the number of voting rights of the company (%) 35.4713

Note: As of the record date of the shareholders' meeting, the total share capital is 120,045,559 shares, of which 382,210 shares are in the company's special account for repurchase, and they do not enjoy the right to vote at the shareholders' meeting.

(4) Whether the voting method complies with the provisions of the Company Law and the articles of association of the company, and whether the meeting is presided over.

1. The general meeting of shareholders was held in combination with on-site communication, and the meeting was voted by means of on-site combined with online voting;

2. The meeting was convened by the board of directors of the company and presided over by Mr. Zhao Guoguang, vice chairman;

3. The convening and convening procedures of this meeting, as well as the voting parties and voting procedures, are in accordance with the provisions of the Company Law and the Articles of Association, and the meeting is legal and valid.

(5) Attendance of the company's directors, supervisors and secretary of the board of directors

1. There are 9 directors in the company and 9 attendees;

2. There are 3 supervisors in the company, and 3 people attended;

3. Ms. Li Guangping, secretary of the board of directors, attended the meeting.

2. Deliberation of the bill

(1) Non-cumulative voting motions

1. Name of the proposal: Proposal on using part of the over-raised funds to increase the investment amount of the fund-raising project

Result: Adopted

Vote:

Agree Oppose Abstain

Shareholder Type Votes Proportional Votes Proportional Votes Proportional Proportions

（%） （%） （%）

Common shares 42,439,495 99.9842 4,266 0.0100 2,413 0.0058

2. Name of the proposal: Proposal on using part of the over-raised funds to permanently replenish liquidity

Result: Adopted

Vote:

Agree Oppose Abstain

Shareholder Type Votes Proportional Votes Proportional Votes Proportional Proportions

（%） （%） （%）

Common shares 42,420,887 99.9404 22,874 0.0538 2,413 0.0058

3. Name of the proposal: Proposal on the profit distribution plan for the first three quarters of 2024

Result: Adopted

Vote:

Agree Oppose Abstain

Shareholder Type Votes Proportional Votes Proportional Votes Proportional Proportions

（%） （%） （%）

Common shares 42,437,495 99.9795 7,387 0.0174 1,292 0.0031

4. Name of the proposal: Proposal on changing the registered capital of the company and amending the articles of association

Result: Adopted

Vote:

Agree Oppose Abstain

Shareholder Type Votes Proportional Votes Proportional Votes Proportional Proportions

（%） （%） （%）

Common shares 42,435,127 99.9739 7,679 0.0180 3,368 0.0081

(2) Voting on cash dividends

Agree Oppose Abstain

Shareholders Segmentation Number of Votes Proportion Proportion of Votes Proportion of Votes (%)

（%） （%）

More than 5% 25,727,660 100.0000 0 0.0000 0.0000

Common Shareholders

1%-5% 9,969,478 100.0000 0 0.0000 0 0.0000

Shareholders

Shareholding below 1% 6,740,357 99.8714 7,387 0.1094 1,292 0.0192

Common Shareholders

Of which: Market Cap 50

Common shares below 10,000 2,694,399 99.7961 4,212 0.1560 1,292 0.0479

shareholder

Market capitalization 500,000 to 4,045,958 99.9215 3,175 0.0785 0 0.0000

common shareholders

(3) When major matters are involved, the voting situation of shareholders below 5% shall be explained

Motions Agree Oppose Abstain

Serial number Name of the proposal Number of votes Proportion Number of votes Proportion of votes Proportional number of votes

（%） （%） （%）

3 About 2024 16,709,835 99.9480 7,387 0.0441 1,292 0.0079

Profit for the first three quarters

Moist distribution plan

of motions

4 About the change of public 16,707,467 99.9339 7,679 0.0459 3,368 0.0202

Registered capital of the company

and amendments to the Company

Constitution

(4) An explanation of the relevant circumstances regarding the voting on the bill

1. Proposal 3 of the general meeting of shareholders counted the votes of small and medium-sized investors separately;

2. Proposal 4 of this general meeting of shareholders is a special resolution.

3. Lawyer's witness

1. The law firm witnessed by the shareholders' meeting: Shanghai AllBright Law Firm

Lawyers: Xue Xiaowen, Zhu Yijing

2. The lawyer witnesses the concluding comments:

The general meeting of shareholders in the convening, convening procedures, convener qualifications, attendance of personnel qualifications and voting procedures in accordance with the relevant provisions of laws, regulations and the articles of association, voting results are legal and valid.

The announcement is hereby made.

Board of Directors of Hengxuan Technology (Shanghai) Co., Ltd

November 13, 2024