May 19th midday announcement overview: CHANGHONG TECHNOLOGY's convertible bonds will be available for redemption starting June 3rd

CHANGHONG TECHNOLOGY announced that the repurchase declaration period for CHANGHONG convertible bonds is from June 3, 2025, to June 9, 2025, with a repurchase price of 100.43 yuan per bond. The payment date for investors' repurchase funds is June 16, 2025. Holders of "CHANGHONG convertible bonds" have the right to choose whether to conduct the repurchase, and this repurchase is not mandatory. Shaoyang Hydraulic announced that Yue Hai has been appointed as the company's general manager, independent director Tang Xiaoqi will no longer serve as the company's independent director and will not hold any other positions in the company; non-independent director Deng Ben will no longer serve as a director of the company but will hold other positions in the company; senior management Deng Shiying will no longer serve as the company's financial director but will hold other positions in the company. The company will no longer set up a supervisory board or supervisors and will not elect a new supervisory board