Huamei Holdings: Plans to apply to the court for property preservation and replacement

Huamei Media Holdings Co., Ltd. announces that on February 27, 2026, the Company convened the 15th meeting of the 11th session of its board of directors, at which it considered and approved the “Resolution on Intending to Apply to the Court for Property Preservation Measures Replacement.” Due to a contract dispute case, some of the Company’s bank accounts and funds have been frozen. The Company intends to use its wholly owned subsidiary, Zhejiang Huamei Industrial Co., Ltd. (hereinafter referred to as “Huamei Industrial”), as the applicant, and apply to the Intermediate People’s Court of Hengyang City, Hunan Province, for a replacement of the property preservation measures using certain real estate assets it holds. If the Company is subsequently involved in other litigation-related freezing and replacement matters with that court, the Company may, based on the actual frozen amounts, use the assets approved by this meeting of the board of directors to effect the freezing and replacement, so as to解除 the freezing of funds and improve the efficiency of fund utilization. This matter remains subject to approval by the Company’s shareholders’ meeting before it can become effective.