Shaoyang Hydraulic's reply to the inquiry letter regarding the issuance of shares to acquire assets and the fundraising of supporting funds

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Shaoyang Vick Hydraulic Co., Ltd. (Stock Code: 301079, Stock Abbreviation: Shaoyang Hydraulic) announced on March 16 that the company has completed the reply update work to the Shenzhen Stock Exchange regarding its inquiry letter on the issuance of shares and cash payment for asset acquisition, fundraising, and related-party transactions.

The announcement states that Shaoyang Hydraulic plans to purchase 100% of Chongqing Xin Cheng Hang Rui Technology Co., Ltd. (referred to as “Xin Cheng Hang Rui”) from 33 shareholders, including Ling Jun and Deng Hongxin, through issuing shares and paying cash, while simultaneously raising supporting funds. On January 15, 2026, the company received the “Inquiry Letter” (Inquiry Letter [2026] No. 030003) issued by the Shenzhen Stock Exchange. Subsequently, the company organized relevant intermediary agencies to address each question listed in the inquiry letter through explanations, demonstrations, and responses. The related reply content has been disclosed on the same day as this announcement.

Shaoyang Hydraulic emphasizes that this transaction is subject to approval by the Shenzhen Stock Exchange and registration approval by the China Securities Regulatory Commission before it can be implemented. Whether the transaction will be approved or registered by the relevant authorities, and the final timing of approval or registration, are uncertain. The company will continue to promote the related work of this transaction and strictly fulfill its information disclosure obligations in accordance with laws and regulations. All information is based on announcements published in the company’s designated information disclosure media, “China Securities Journal,” “Securities Times,” and Juchao Information Network (www.cninfo.com.cn).

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