Huicheng International Holdings announced in Hong Kong that the Group holds 1,702,550 shares of Shanghai Bijiao common stock through the Qingdao Huaxin anchor, accounting for about 0.07% of Shanghai Bijiao's issued share capital, and has been converted to H shares of Shanghai Bizao. Based on the closing price of Shanghai Bizao H shares of HK$34.46 on January 2, 2026, the fair value of the Group's shares in Shanghai Bizao through Qingdao Huaxin Anchor is HK$58,669,873. After deducting the Group's investment costs and related expenses, such investments will record a net return compared to the Group's initial investment costs in Qingdao Huaxin Anchors. The relevant Shanghai Bizao H shares are subject to a 12-month ban period.

Huicheng International Holdings announced in Hong Kong that the Group holds 1,702,550 shares of Shanghai Bijiao common stock through the Qingdao Huaxin anchor, accounting for about 0.07% of Shanghai Bijiao's issued share capital, and has been converted to H shares of Shanghai Bizao. Based on the closing price of Shanghai Bizao H shares of HK$34.46 on January 2, 2026, the fair value of the Group's shares in Shanghai Bizao through Qingdao Huaxin Anchor is HK$58,669,873. After deducting the Group's investment costs and related expenses, such investments will record a net return compared to the Group's initial investment costs in Qingdao Huaxin Anchors. The relevant Shanghai Bizao H shares are subject to a 12-month ban period.