Sudavig announced that the company and its wholly-owned subsidiary Yancheng Weige intend to publicly list and transfer 100% of the shares of Changzhou Huarisheng Reflective Materials Co., Ltd. at the Suzhou Property Exchange Center. The initial listing price is 157 million yuan. The pricing is based on the evaluation value assessed by the evaluation agency on June 30, 2026. Since Chen Linsen, the controlling shareholder and actual controller of the company, and the companies or funds they control/participate in may participate in the delisting, this transaction may constitute a related transaction. This transaction does not constitute a major asset restructuring. It still needs to be submitted to the company's second extraordinary shareholders' meeting in 2026 for review. There is uncertainty about the final transferee and transaction price. After the transaction is completed, Huarisheng and its subsidiaries will no longer be included in the scope of the company's consolidated statements.

Sudavig announced that the company and its wholly-owned subsidiary Yancheng Weige intend to publicly list and transfer 100% of the shares of Changzhou Huarisheng Reflective Materials Co., Ltd. at the Suzhou Property Exchange Center. The initial listing price is 157 million yuan. The pricing is based on the evaluation value assessed by the evaluation agency on June 30, 2026. Since Chen Linsen, the controlling shareholder and actual controller of the company, and the companies or funds they control/participate in may participate in the delisting, this transaction may constitute a related transaction. This transaction does not constitute a major asset restructuring. It still needs to be submitted to the company's second extraordinary shareholders' meeting in 2026 for review. There is uncertainty about the final transferee and transaction price. After the transaction is completed, Huarisheng and its subsidiaries will no longer be included in the scope of the company's consolidated statements.