Shaanxi Hu Qin Technology Industry Co., Ltd. Announcement on Voluntary Disclosure of the Date of Signing of Daily Business Sales Contracts

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2026-04-07 16:38:25

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Security code: 688281 Stock abbreviation: Huaqin Technology Announcement No.: 2026-008

Shaanxi Huaqin Technology Industrial Co., Ltd.

Announcement on Voluntary Disclosure of the Company’s Signing of a Routine Business Sales Contract

The Board of Directors of the Company and all of its directors hereby guarantee that this announcement contains no false statements, misleading representations, or material omissions, and assume legal responsibility for the truthfulness, accuracy, and completeness of the contents of this announcement in accordance with the law.

Key Matters Presented:

● Type and Amount of the Contract: Shaanxi Huaqin Technology Industrial Co., Ltd. (hereinafter referred to as the “Company”) recently entered into 2 routine business sales contracts (collectively referred to as the “Sales Contracts”) with a certain customer. The combined amount of the “Sales Contracts” is RMB 103,106,095.00 (including tax).

● Conditions for the Contract to Become Effective: The “Sales Contracts” shall become effective when the parties sign and affix their official seals.

● Contract Performance Period: Product delivery shall be based on the customer’s actual monthly needs. The “Sales Contracts” shall remain effective from the date of signing until within August 30, 2027.

● Subject Matter of the Contract: Special functional material products for aircraft engines.

● Impact on the Performance of the Listed Company: This transaction is a routine business sales contract signed by the Company. If the above “Sales Contracts” are performed smoothly, it will have a positive impact on the Company’s operating performance.

● Major Risks and Major Uncertainties During Contract Performance: All parties to the contract have strong capabilities to perform, but during the performance period, if force majeure or other factors occur, the final execution will be affected. The contracted quantities under the “Sales Contracts” are estimates, and final settlement will be made based on the actual order quantities.

I. Consideration and Approval Procedures

The combined amount of the “Sales Contracts” is RMB 103,106,095.00 (including tax).

The “Sales Contracts” fall within the Company’s routine business sales contracts. The Company has completed the internal approval procedures for signing the contracts. Pursuant to the “Shanghai Stock Exchange Science and Technology Innovation Board Stock Listing Rules” and the “Articles of Association of Shaanxi Huaqin Technology Industrial Co., Ltd.” and other relevant provisions, this matter does not require submission for consideration by the Board of Directors or the general meeting of shareholders.

Pursuant to laws and regulations and relevant provisions including the “Law of the People’s Republic of China on Guarding State Secrets,” the “Regulations on the Withholding and Exemption of Disclosure of Information by Listed Companies,” the “Shanghai Stock Exchange Science and Technology Innovation Board Stock Listing Rules,” the “Information Disclosure Management System for Shaanxi Huaqin Technology Industrial Co., Ltd.,” and the Company’s secrecy management system, among others, the “Sales Contracts” have completed the internal information disclosure exemption process for confidential matters. After information concerning the customer and contract content is declassified, it will be disclosed externally.

II. Details of the Contract Subject Matter and the Counterparty

(I) Details of the Contract Subject Matter

The subject matter of the “Sales Contracts” is special functional material products for aircraft engines. The combined amount of the “Sales Contracts” is RMB 103,106,095.00 (including tax).

(II) Details of the Contract Counterparty

Name of unit: The counterparty of the “Sales Contracts” is the same party, and both are contracts signed between the Company and a certain customer.
The Company has completed the internal information disclosure exemption procedure for confidential matters for the counterparty, and certain information about the contract counterparty has been exempted from disclosure.
The customer has strong credit and good capability to perform.

(III) Explanation of Related Party Relationship

There is no related party relationship between the Company and the customer.

III. Main Terms of the Contract

Total Contract Amount: The total contract amount of the “Sales Contracts” is RMB 103,106,095.00 (including tax).
Conditions for Contract Effectiveness: The effectiveness conditions of the “Sales Contracts” are that they shall become effective after being signed and sealed by both parties.
Payment Method: The “Sales Contracts” are settled in RMB. Payment is made by bank transfer or by bill. After final acceptance of the contract subject matter and issuance of the required invoices, the customer shall make payment according to the agreed terms.
Delivery Location: The delivery locations under the “Sales Contracts” are the locations designated by the customer.
Performance Period: Product delivery shall be based on the customer’s actual monthly needs. The “Sales Contracts” shall remain effective from the date of signing until within August 30, 2027.
Liability for Breach: During the performance of the “Sales Contracts,” if there are quality issues caused by the Company, failure to deliver products on time, etc., compensation shall be provided or liability for breach of contract shall be assumed in accordance with the contract provisions.
Dispute Resolution: If disputes arise during the performance of the “Sales Contracts,” both parties shall resolve the matter through friendly negotiation. If no agreement can be reached, a lawsuit shall be filed with the People’s Court at the location of the customer.
Other Terms: The “Sales Contracts” clearly set forth provisions on product quality standards, intellectual property rights, technical documents, confidentiality clauses, and so on.

IV. Impact of Contract Performance on the Company

The “Sales Contracts” are sales contracts related to the Company’s routine business activities. If the contract is performed smoothly, it is expected to have a positive impact on the Company’s performance.
The signing of the “Sales Contracts” reflects the gradual implementation of the Company’s “One Core, Two Wings” strategic plan. “One Core” refers to the Company centering on aircraft engines and, through the expansion of business and products of the Company’s headquarters and subsidiaries, continuously enhancing the Company’s market position as a key materials supplier in the aircraft engine field. “Two Wings” refers to the Company further expanding key core materials product supply for aircraft fuselages and other high-end manufacturing fields.

The Company is one of the very few high-tech enterprises in China that can comprehensively cover special functional materials design, R&D, and production with an integrated approach to full-temperature-domain, multi-frequency-spectrum, and structural-and-functional integration. In particular, it has obvious technological advantages in the field of special functional materials for medium and high temperatures, with outstanding industrialization results. Its products have been implemented in assembly applications across multiple fields, giving it a first-mover advantage in the industry. In the field of special functional materials for medium and high temperatures, the Company is customer-oriented, conducts continuous in-depth research, and keeps updating and iterating products, achieving a series of breakthrough results.

The performance of the “Sales Contracts” does not affect the independence of the Company’s business.

V. Risk Analysis of Contract Performance

All parties to the contract have good capabilities to perform, but during the contract performance period, if force majeure or other factors occur, the final execution outcome will be affected. The contracted quantities under the “Sales Contracts” are estimates, and final settlement will be made based on the actual ordered quantities. The Company will fulfill relevant information disclosure obligations in subsequent announcements. All investors are kindly requested to make rational investments, and please pay attention to investment risks.

This announcement is hereby given.

Board of Directors of Shaanxi Huaqin Technology Industrial Co., Ltd.

April 2, 2026

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