Xianglu Tungsten Industry: Application to suspend the review of the private placement for not more than 3 months due to pending matters.

Shanghe Tungsten Industry announced that the company submitted the application documents for the issuance of shares to specific objects on October 14, 2025, and was accepted by the Shenzhen Stock Exchange on October 23. Due to the need for further implementation of related matters, the company applied to the Shenzhen Stock Exchange to suspend the review on December 19, with the proposed suspension period expected to be not more than 3 months, and approval was obtained on the same day. This suspension does not have a significant adverse impact, and the company and intermediary institutions are actively advancing related work. After completion, the company will promptly apply for resumption of the review. The private placement still needs to be reviewed by the Shenzhen Stock Exchange and approved by the China Securities Regulatory Commission, and the results and timing are uncertain.