Jihua Group: The controlling shareholder is planning a change of control, and the stock remains suspended.

Jihua Group Announcement: The company received a notice from its controlling shareholder, Hangzhou Jinhui Mechanical and Electrical Equipment Co., Ltd., on January 30, 2026, stating that Hangzhou Jinhui Mechanical and Electrical Equipment Co., Ltd. is planning to transfer part of its equity in the company through an agreement. This matter may lead to a change in the company’s controlling shareholder and actual controller. As of the date of this announcement, all parties involved are actively promoting the various tasks related to this transaction. The overall plan is still under negotiation, and the parties have not yet signed a formal agreement. The company expects to be unable to resume trading at the market open on February 4, 2026 (Wednesday). Given that the above matters are still under planning and there is uncertainty, to ensure fair information disclosure, prevent abnormal fluctuations in the company’s stock price, and protect the interests of investors, the company has applied to the Shanghai Stock Exchange for continued suspension of trading. The stock will remain suspended starting from the market open on February 4, 2026 (Wednesday), with an expected continuation of the suspension for no more than 3 trading days.