Huazhang Technology Clarifies RMB 1.49 Million in Listing Proceeds Used for Key Employee Salary Adjustments

• Huazhang Technology clarified that RMB 1.49 million funded key employee salary adjustments in the year ended June 30, 2025.
• Unutilized listing proceeds totaled RMB 2.69 million at June 30, 2024, and were carried forward.
• The remaining RMB 1.2 million will fund key employee salary adjustments under the previously disclosed timetable.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Huazhang Technology Holding Limited published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20261023-12381281), on October 23, 2026, and is solely responsible for the information contained therein.