Xin Fengming: Intends to absorb and merge wholly-owned subsidiaries and notify creditors to declare their claims.

Xin Fengming announced that the company has approved the proposal to merge its wholly-owned subsidiary, Zhongying Chemical Fiber, at a meeting in 2025. After the completion of the merger, Zhongying Chemical Fiber's legal status will be cancelled, and all of its assets will be taken over by the company without any changes to the company's name. According to regulations, creditors have the right to demand repayment of debts or guarantees within a certain number of days from the date of receiving the notice or from the date of public disclosure if they have not received a notice. The creditor declaration period is from December 5, 2025 to January 18, 2026, from 9:00 to 17:00 on working days, and declarations can be made in person, by mail, or by email.