Shanzi Hi-Tech announced that according to the announcement issued by Hehua Co., Ltd. on October 16, 2024, the restructuring matters of Yinyi Holdings and its parent company, Yinyi Group, are progressing as follows: terminating the merger and restructuring procedures of 17 companies including Yinyi Group; and approving the merger and restructuring plans of 17 companies including Yinyi Group. This ruling is final. The progress of this judicial restructuring matter does not involve a change in the company's control, has no impact on the company's assets, financial, business, etc. independence, and will not have an impact on the company's daily operations and management.

Shanzi Hi-Tech announced that according to the announcement issued by Hehua Co., Ltd. on October 16, 2024, the restructuring matters of Yinyi Holdings and its parent company, Yinyi Group, are progressing as follows: terminating the merger and restructuring procedures of 17 companies including Yinyi Group; and approving the merger and restructuring plans of 17 companies including Yinyi Group. This ruling is final. The progress of this judicial restructuring matter does not involve a change in the company's control, has no impact on the company's assets, financial, business, etc. independence, and will not have an impact on the company's daily operations and management.