According to the Yunnan Trading Ecology Notice, the court ruled to approve the “Reorganization Plan” on November 28, 2025, and the company entered the implementation stage. Based on the current total share capital of 184 million shares, the capital reserve transfer was implemented based on an increase of 14.5 shares per share. A total of 267 million shares were transferred, and the total share capital increased to 451 million shares. Stock transfers are used to repay debts and attract investors. If the closing price is higher than 6.31 yuan/share on the share registration date, the reference price for opening on December 12 will be adjusted. The company plans to apply for a one-day suspension of trading on December 11 and the resumption of trading on December 12. Furthermore, the restructuring is uncertain, and the company suggests a number of risks.

According to the Yunnan Trading Ecology Notice, the court ruled to approve the “Reorganization Plan” on November 28, 2025, and the company entered the implementation stage. Based on the current total share capital of 184 million shares, the capital reserve transfer was implemented based on an increase of 14.5 shares per share. A total of 267 million shares were transferred, and the total share capital increased to 451 million shares. Stock transfers are used to repay debts and attract investors. If the closing price is higher than 6.31 yuan/share on the share registration date, the reference price for opening on December 12 will be adjusted. The company plans to apply for a one-day suspension of trading on December 11 and the resumption of trading on December 12. Furthermore, the restructuring is uncertain, and the company suggests a number of risks.