[Hong Jing] Subsidiary Lu Zhu Company Announces Shareholders' Meeting Approval of Lifting Directors' Non-Compete Restrictions for 2026

1. Shareholders' Meeting Resolution Date: 2026/06/26

2. Names and Titles of Directors Permitted to Engage in Competitive Activities:
- Director, Representative of Hong Jing Construction Co., Ltd.: Zhou Jiapei
- Director, Representative of Hong Jing Construction Co., Ltd.: Chen Fangying
- Director, Representative of Hong Jing Construction Co., Ltd.: Pan Shunwan
- Director: Lei Shuyan
- Director: Gong? Lian

3. Scope of Permitted Competitive Activities: Directors are permitted to invest in or operate other companies with business scopes identical or similar to that of the company, and to serve as directors of such companies, provided that such activities do not harm the interests of the company.

4. Duration of Permitted Competitive Activities: Throughout the period during which the individual serves as a director of the company.

5. Resolution Outcome (Voting Results per Article 209 of the Company Act):
This proposal was presented at the shareholders' meeting on June 26, 2026. After the chairperson solicited opinions from all attending shareholders, it was approved unanimously without objection.

6. Directors Engaging in Business Operations in Mainland China (Enter 'Not Applicable' if not applicable):
Director: Zhou Jiapei

7. Company Names and Positions Held in Mainland China Entities:
- Shanghai Youhong Electronic Engineering Technology Consulting Co., Ltd.: Supervisor, Zhou Jiapei
- Shanghai Hongrong Property Management Co., Ltd.: Supervisor, Zhou Jiapei
- Shanghai Youchang Property Management Co., Ltd.: Executive Director, Zhou Jiapei

8. Addresses of Mainland China Entities:
- Shanghai Youhong Electronic: Room 1201, No. 2, Lane 2288, Zu? Road, Zhangjiang High-Tech Park, Shanghai, China
- Shanghai Hongrong Property Management: Room 1202, No. 2, Lane 2288, Zu? Road, Zhangjiang High-Tech Park, Shanghai, China
- Shanghai Youchang Property Management: Room 1119, No. 2, Lane 2288, Zu? Road, Zhangjiang High-Tech Park, Shanghai, China

9. Business Activities of Mainland China Entities:
- Shanghai Youhong Electronic: Engineering technology consulting, construction engineering technical consulting
- Shanghai Hongrong Property Management: Property management consulting, construction engineering and technical consulting
- Shanghai Youchang Property Management: Property management consulting, construction engineering and technical consulting

10. Impact on the Company's Financial and Business Operations: Not applicable

11. Investment Amount and Shareholding Ratio if Directors Invest in Mainland China Entities: Not applicable

12. Other Matters to be Disclosed: None