Huapei Power: Announcement Regarding the Resignation of the Company's Independent Directors

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Shanghai Huape Digital Technology (Group) Co., Ltd.

Announcement on the resignation of the company’s independent director

The company’s board of directors and all directors guarantee that the content of this announcement contains no false records, misleading statements, or major omissions, and bear legal responsibility for its truthfulness, accuracy, and completeness.

Important content reminder:

Shanghai Huape Digital Technology (Group) Co., Ltd. (hereinafter referred to as “the Company”) received a written resignation letter from independent director Mr. Yang Chuan recently. Mr. Yang Chuan has served as an independent director for six consecutive years and now applies to resign from the positions of director of the third board of directors and member of the relevant committees of the board. After resigning from these positions, Mr. Yang Chuan will no longer hold any position in the company.

1. Basic information about the independent director’s departure

Name Position Resignation Date Original Term Expiry Reason for Resignation Whether to continue serving in listed company and its subsidiaries Specific position (if applicable) Whether there are unfulfilled public commitments Yang Chuan Independent Director, Chairman of the Audit Committee, Chairman of the Compensation and Assessment Committee December 28, 2025 Has served as an independent director for six consecutive years No Not applicable No

2. Impact of the independent director’s departure on the company

According to the “Company Law of the People’s Republic of China,” “Measures for the Administration of Independent Directors of Listed Companies,” and other relevant regulations, after Mr. Yang Chuan resigns as an independent director, the company will have fewer than one-third of independent directors relative to the total number of directors, and the composition of some board committees will not meet relevant requirements. Before new independent directors are elected by the shareholders’ meeting, Mr. Yang Chuan will continue to perform his duties as an independent director in accordance with relevant laws, regulations, and the “Articles of Association of Shanghai Huape Digital Technology (Group) Co., Ltd.” (hereinafter referred to as “the Articles of Association”). The company will complete the election of new independent directors and related board committee members and follow-up work as soon as possible in accordance with relevant laws, regulations, and the Articles of Association.

As of the disclosure date of this announcement, Mr. Yang Chuan does not hold any shares in the company and has no unfulfilled commitments. After the election of new independent directors by the shareholders’ meeting, Mr. Yang Chuan will properly hand over his duties in accordance with the company’s relevant regulations.

During his tenure as an independent director, Mr. Yang Chuan fulfilled his duties diligently and conscientiously, playing a positive role in the company’s standardized operation. The company’s board of directors sincerely thanks Mr. Yang Chuan for his contributions during his term.

This announcement is hereby made.

Board of Directors of Shanghai Huape Digital Technology (Group) Co., Ltd.

April 1, 2026

Statement: The market carries risks; investment should be cautious. This article is automatically published based on third-party database data and does not represent Sina Finance’s views. All information appearing in this article is for reference only and does not constitute personal investment advice. Please refer to the actual announcement for any discrepancies. If you have questions, please contact biz@staff.sina.com.cn.