Stock code: 688608 Stock abbreviation: Hengxuan Technology Announcement No.: 2024-055

Hengxuan Technology (Shanghai) Co., Ltd

Regarding the change of the registered capital of the company, the amendment of the Articles of Association and the formulation of the part

Announcement of the ministry system

The board of directors and all directors of the company guarantee that there are no false records, misleading statements or material omissions in the content of this announcement, and assume legal responsibility for the authenticity, accuracy and completeness of its content in accordance with the law.

Hengxuan Technology (Shanghai) Co., Ltd. (hereinafter referred to as the "Company") held the 14th meeting of the second session of the Board of Directors on October 24, 2024, and deliberated and approved the "On Changing the Registered Capital of the Company and Amendment<公司章程>". The relevant content is hereby announced as follows:

1. The change of registered capital

The Company's 2021 restricted stock incentive plan is reserved to grant part of the vested shares in the first vesting period

10,851 shares. These shares are ordinary shares and were registered with China Securities Depository and Clearing Corporation Shanghai Branch on July 3, 2024.

So far, the total number of shares of the company has been changed from 12,0034,708 ordinary shares to 12,0045,559 ordinary shares; The registered capital of the company was changed from RMB 120,034,708 to RMB 12,0045,559.

2. Amendments to the Articles of Association

Based on the above changes in the company's registered capital, the company simultaneously revised the company's registered capital and the total number of shares in the articles of association, and the specific revisions are as follows:

sequence

Before Revision After Revision

number

1 Article 6 The registered capital of the company shall be Article 6 The registered capital of the company shall be

RMB 12,0034,708. RMB 12,0045,559 million.

2 Article 20 The total number of shares of the company is Article 20 The total number of shares of the company is

12,0034,708 shares, all of which are common shares. 12,045,559 shares, all of which are common shares.

Except for the above amendments, the other articles of the Articles of Association remain unchanged. This matter still needs to be submitted to the general meeting of shareholders of the company for deliberation. At the same time, the board of directors of the company proposed to the general meeting of shareholders to authorize the company's management to handle the industrial and commercial change registration, the filing of the articles of association and other related matters involved in the above matters. The above changes are subject to the final approval of the industrial and commercial registration authority. The amended Articles of Association were disclosed on the website of the Shanghai Stock Exchange (www.sse.com.cn) on the same day.

3. The formulation of part of the company's management system

In order to further promote the standardized operation of the company, in accordance with the requirements of relevant laws and regulations and combined with the actual situation of the company, the company has formulated the "Registration and Management System for Insiders of Inside Information". The above system has been deliberated and approved by the 14th meeting of the second board of directors of the company, and does not need to be submitted to the general meeting of shareholders for deliberation. For details of the system, please refer to the relevant documents disclosed by the company on the website of the Shanghai Stock Exchange (www.sse.com.cn) on the same day.

The announcement is hereby made.

Hengxuan Technology (Shanghai) Co., Ltd

board of directors

October 25, 2024