Mr. Rainer Yu reports

HERO INNOVATION GROUP INC. ANNOUNCES CHANGES TO BOARD AND MANAGEMENT AND WIND-DOWN OF DIGITAL PAYMENT OPERATIONS

Hero Innovation Group Inc. has provided the following updates.

Changes to the board of directors and officers

The company announces the following changes.

Appointments:

• Hua Zhang has been appointed as director, effective Feb. 20, 2026.
• Mingshuo Wang has been appointed as director, effective March 15, 2026.
• Wei Kang has been appointed as director, effective April 7, 2026.
• Rainer (Zhe) Yu has been appointed as the chief executive officer and interim chief financial officer, effective March 14, 2026.

Resignations:

• Tai Jiang has resigned as director and the chief executive officer, effective Dec. 19, 2025.
• Helen (Kuen) Lau has resigned as the chief financial officer, effective Jan. 9, 2026.
• William Ying has resigned as director, effective March 13, 2026.

The resignations of the directors and officers were not the result of any disagreement with the remaining members of the board or management.

Wind-down of legacy digital payment operations

The company has wound down its SideKick digital payment solution and payment application platform. The payment product and program generated substantial losses, and were not financially successful. Management has decided to discontinue this line of business. This wind-down is not expected to have a material adverse impact on the company's financial position.

Current financial situation and outlook

The company continues to face significant financial difficulties. Under new management, the company is actively pursuing initiatives to stabilize operations, including working toward the revocation of the company's cease trade order, identifying viable new business opportunities and seeking additional financing. There can be no assurance that these efforts will be successful.

About Hero Innovation Group Inc.

Through its former flagship SideKick digital payment solution introduced in 2018, the company previously operated a digital payment program and platform. The company has wound down its legacy digital payment operations and, under new management, is pursuing a new strategic direction.

We seek Safe Harbor.