Wuxi Hangya Technology Co., Ltd. - Notice of Shareholder Holding Over 5% and Dropping Below 5% and Reaching the 1% Threshold

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Security code: 688510, Security abbreviation: Hangya Technology, Announcement No.: 2026-014

Wuxi Hangya Technology Co., Ltd. regarding a holding by a shareholder holding more than 5% of shares whose equity interest has decreased to below 5% and has reached the 1% threshold—an advance notice

Quan Shihai and persons acting in concert with him guarantee that the information provided to our company is true, accurate, and complete, and contains no false statements, misleading representations, or material omissions.

The board of directors of our company and all directors guarantee that the contents of this announcement are consistent with the information provided by the information disclosure obligor.

Key matters for attention:

● This equity interest change is due to Mr. Quan Shihai, a shareholder holding more than 5%, implementing the disclosed share reduction plan, and does not trigger a tender offer acquisition.

● After this equity interest change, Mr. Quan Shihai holds 12,735,091 shares of Wuxi Hangya Technology Co., Ltd. (hereinafter referred to as the “Company”) of unrestricted tradable shares, representing 4.9071% of the Company’s total share capital; he is no longer a shareholder holding more than 5% of the Company’s shares.

● After this equity interest change, the proportion of the Company’s controlling shareholder, actual controller, and persons acting in concert with them in the Company’s total share capital decreases from 28.75% to 27.11%; the equity interest change reaches the 1% threshold.

● This equity interest change will not result in any change in the Company’s controlling shareholder or actual controller.

I. Basic information of the information disclosure obligor and persons acting in concert with him

1. Identity category

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2. Information of the information disclosure obligor

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3. Information of persons acting in concert

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II. Basic situation of this equity interest change to below 5% and reaching the 1% threshold

Wuxi Hangya Technology Co., Ltd. (hereinafter referred to as the “Company”) received a “Notice Letter” issued by shareholder Mr. Quan Shihai. From January 28, 2026 to March 30, 2026, Mr. Quan Shihai reduced the Company’s shares by 4,240,000 shares through block trading. The number of shares held by him changed from 16,975,091 shares to 12,735,091 shares. This led to the proportion of the Company’s controlling shareholder, actual controller, and persons acting in concert with them in the Company’s total share capital decreasing from 28.75% to 27.11%, and the equity interest change reaching the 1% threshold. The specific details are as follows:

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III. Other explanations

1. This equity interest change is the result of shareholders implementing their share reduction plan. For the specific content, please refer to the “Wuxi Hangya Technology Co., Ltd. Announcement on the Share Reduction Plan by Shareholder” (Announcement No.: 2026-001) disclosed by the Company on January 6, 2026 on the website of the Shanghai Stock Exchange (www.sse.com.cn).

2. This equity interest change does not trigger a tender offer acquisition. It will not cause any change in the Company’s actual controller, and will not have a material impact on the Company’s corporate governance structure and ongoing operations.

3. The above-mentioned shareholders have prepared an equity interest change report for this equity interest change. For the specific details, please refer to the “Wuxi Hangya Technology Co., Ltd. Simplified Equity Interest Change Report” disclosed on the same day on the website of the Shanghai Stock Exchange (www.sse.com.cn).

4. The shareholder’s share reduction plan has not yet been fully implemented. If any related equity interest change events occur in the next 12 months, the Company will urge it to strictly fulfill its information disclosure obligations in accordance with the relevant laws and regulations and regulatory documents.

This announcement is hereby issued.

Board of Directors of Wuxi Hangya Technology Co., Ltd.

March 31, 2026

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