Zhenyang Development announced that the company is planning to issue A-shares from Zhejiang, Shanghai, Hangzhou, and Ningbo to all shareholders of the company in exchange for shares to absorb and merge the company. Since the deal is still in the planning stage and there is significant uncertainty about related matters, Zhenyang Development began suspending trading on August 20, 2025, and resumed trading on September 3, 2025. The company held a board of directors meeting on September 2, 2025 to review and pass the relevant bill. The relevant work involved, such as audit and valuation, has not yet been completed, and a shareholders' meeting will not be held to review the transaction matters. The transaction plan still needs to be reviewed and approved by the company's board of directors and shareholders' meeting, and obtained corresponding approval, approval or approval. There is uncertainty. Investors should be aware of the associated risks.

Zhenyang Development announced that the company is planning to issue A-shares from Zhejiang, Shanghai, Hangzhou, and Ningbo to all shareholders of the company in exchange for shares to absorb and merge the company. Since the deal is still in the planning stage and there is significant uncertainty about related matters, Zhenyang Development began suspending trading on August 20, 2025, and resumed trading on September 3, 2025. The company held a board of directors meeting on September 2, 2025 to review and pass the relevant bill. The relevant work involved, such as audit and valuation, has not yet been completed, and a shareholders' meeting will not be held to review the transaction matters. The transaction plan still needs to be reviewed and approved by the company's board of directors and shareholders' meeting, and obtained corresponding approval, approval or approval. There is uncertainty. Investors should be aware of the associated risks.