Securities code: 688538 Securities abbreviation: Hehui Optoelectronics Announcement No.: 2025-007

Shanghai Hehui Optoelectronics Co., Ltd

In relation to the proposed issue of H Shares and the Stock Exchange of Hong Kong Limited

Indicative announcement of listing

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

Shanghai Hehui Optoelectronics Co., Ltd. (hereinafter referred to as the "Company") was held on February 20, 2025

The 11th meeting of the second session of the board of directors and the 9th meeting of the second board of supervisors deliberated and passed the "Proposal on the Company's Issuance of H Shares and Listing on the Stock Exchange of Hong Kong Limited" and "Proposal on the Company's Issuance of H Shares and Listing on the Stock Exchange of Hong Kong Limited" and other proposals. The relevant situation is hereby announced as follows:

In order to accelerate the company's internationalization strategy and overseas business layout, enhance the company's overseas financing capabilities, and increase the production capacity ratio of the company's high-end AMOLED panel products, according to the company's overall development strategy and operational needs, the company intends to issue shares (H shares) overseas and list on the main board of The Stock Exchange of Hong Kong Limited (hereinafter referred to as the "Hong Kong Stock Exchange") (hereinafter referred to as the "H-share listing"). The Company will fully consider the interests of the existing shareholders and the situation of the domestic and foreign capital markets, and select an appropriate time and issuance window to complete the issuance and listing within the validity period of the resolution of the general meeting of shareholders (i.e., 18 months from the date of approval by the general meeting of shareholders of the Company or other period agreed to be extended).

In accordance with the provisions of laws, regulations and normative documents such as the Trial Measures for the Administration of Overseas Issuance and Listing of Securities by Domestic Enterprises, the Rules for the Listing of Stocks on the Science and Technology Innovation Board of the Shanghai Stock Exchange, the H-share listing is subject to the review of the general meeting of shareholders, and is subject to the filing or review and approval of relevant government agencies and regulatory agencies such as the China Securities Regulatory Commission, the Hong Kong Stock Exchange and the Hong Kong Securities and Futures Commission. Up to now, in addition to the relevant proposals deliberated and approved by the board of directors, other specific details about the issuance and listing have not yet been determined.

There is great uncertainty as to whether the H-share listing can pass the review, filing, review and approval procedures and be finally implemented. The company will perform in a timely manner in accordance with the provisions of relevant laws and regulations and the subsequent progress of the issuance and listing

Investors are advised to pay attention to investment risks.

The announcement is hereby made.

Board of Directors of Shanghai Hehui Optoelectronics Co., Ltd

February 22, 2025