Notice on Board Resolution and Shareholding Change

Release Time:

2025-06-16

Translation

Henan Wuqian Magnetic Energy Technology Co., Ltd.

Board Resolution and Equity Change Announcement

The company and all members of the board guarantee that the information disclosed is true, accurate and complete, and there are no false records, misleading statements or major omissions.

Henan Wuqian Magnetic Energy Technology Co., Ltd. (hereinafter referred to as the “Company”) convened the second meeting of the second-term board of directors on June 12, 2025. The meeting deliberated and approved the following relevant resolutions.

I. Re-election of the Chairman of the Board

In accordance with the Company Law of the People’s Republic of China (and the requirements of corporate development), in order to further improve management, adapt to the new situation, and maintain the sound development of the company, Mr. Duan Baolin, the former chairman, proposed to resign from the position.

Through the election process at the board meeting, the attending directors voted and unanimously approved that Mr. Wang Yafu was elected as the chairman of the second-term board of directors of the Company. This is in accordance with the relevant provisions of the Company Law of the People’s Republic of China, the articles of association of the Company, and witnessed by a lawyer.

Subject of Change	Before	After
Chairman	Mr. Duan Baolin	Mr. Wang Yafu

II. Re-election of the Secretary of the Board

Ms. Shi Yinping, the former secretary, proposed to resign at the meeting. After recommendation and election at the meeting, Ms. Li Jinli was elected as the secretary of the second board of directors.

Subject of Change	Before	After
Secretary of the Board of Directors	Ms. Shi Yinping	Ms. Li Jinli

III. Equity Change

In view of the development requirements of the Company and guided by the resolution of the board, the original equity structure of the company was adjusted.

This change does not affect the continuity and stability of the Company’s business. The company will continue to uphold the policy of “Four Adherences and Four Unshakables” (original aspiration, mission commitment, unity, advancement, innovation, determination, law-based governance, and anti-evil struggle) and the business philosophy of discipline and safety, and continue to create value for shareholders and provide high-quality services for our customers.

The current shareholders and shareholdings of the Company are as follows:

Ms. Li Jinli	80%
Mr. Du Sinuo	8%
Mr. Wang Yafu	4%
Mr. Duan Baolin	4%
Ms. Shi Yinping	2%
Mr. Zhao Yang	1%
Zhengzhou Youguanzhao Engineering Management Co., Ltd.	1%

III. The above changes and relevant matters shall be handled in accordance with relevant national laws and regulations.

Henan Wuqian Magnetic Energy Technology Co., Ltd.

June 12, 2025

Translation

Henan Wuqian Magnetic Energy Technology Co., Ltd.

Resolution No. 001 [2025] of HeWuGu Board Issued by: Wang Yafu

Resolution of the Board of Directors

In accordance with the strategic development needs of the company, to effectively enhance management efficiency and meet the requirements of the new development phase, the following resolutions were adopted by the Second Session of the Board of Directors of Henan Wuqian Magnetic Energy Technology Co., Ltd. (hereinafter referred to as the "Company"):

Mr. Duan Baolin is removed from the position of Chairman of the Board;
Mr. Wang Yafu is elected as Chairman of the Board;
Ms. Shi Yinping is removed from the position of Board Secretary;
Ms. Li Jinli is elected as Board Secretary.

These resolutions take effect immediately upon adoption.

Current Board Members:

Chairman: Mr. Wang Yafu

Board Secretary: Ms. Li Jinli

Director: Ms. Shi Yinping

Director: Mr. Duan Baolin

Director: Mr. Du Sinuo

Henan Wuqian Magnetic Energy Technology Co., Ltd.

Board of Directors

June 15, 2025

Submitted to: Zhengzhou Municipal Market Regulation Bureau [For Filing]Copied to: Board of Directors, Board of Supervisors, Corporate Counsel [For Archival Filing]

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