Wanwei High-tech: Requests shareholders' approval for the controlling shareholder Wanwei Group to be exempt from making a mandatory offer

Wanhui High-tech Announcement, the company’s board of directors proposes that the shareholders’ meeting approve the exemption of the company’s controlling shareholder, Wanhui Group, from making a tender offer. According to Article 63, Item (3) of the “Regulations on the Management of Acquisition of Listed Companies,” if approved by non-related shareholders at the shareholders’ meeting of the listed company, an investor acquiring new shares issued by the listed company results in their equity shares exceeding 30% of the total shares issued by the company, the investor commits to not transferring the newly issued shares for three years, and the shareholders’ meeting of the company agrees to exempt the investor from making a tender offer. The company has signed a share subscription agreement with Wanhui Group, and Wanhui Group has committed not to transfer the A-shares subscribed in this issuance for three years from the date of this issuance’s completion.