[Henghua Technology: Termination of Photovoltaic Power Station Project Contract Worth Approximately RMB 519 Million]

Henghua Technology announced in the evening that in December 2022, the consortium composed of the company and Shaanxi Dongfang signed the "EPC General Contracting Engineering Contract for the Design, Procurement, and Construction of the Leyuan Guanzhou Phase I Agricultural Photovoltaic Power Station Project in Wangmo County" with Wangmo Jingge New Energy Co., Ltd. The estimated investment for the project was approximately RMB 519 million. After the contract was signed, due to the failure of Wangmo Jingge to raise the project funds in a timely manner, the project has not been able to commence construction. Recently, the consortium composed of the company and Shaanxi Dongfang signed an agreement to terminate the above-mentioned engineering contract with Wangmo Jingge. Both parties agreed to voluntarily terminate the original contract, and neither party will bear the liability for breach of contract.