Asia-Pacific Industries: Warns of the risk of significant downward stock price adjustment and restructuring.

Asia-Pacific Industries announced that the Lanzhou Intermediate People's Court approved the "Reorganization Plan" on December 26, 2025, and terminated the company's reorganization process, entering the execution phase. With a base of 323 million shares, every 10 shares will be increased by 5 shares, totaling 162 million shares, increasing the total share capital to 485 million shares, all of which will be used to introduce reorganization investors. If the closing price on the registration date is higher than 2.95 yuan/share, the stock price may be adjusted downwards. In addition, during the execution of the reorganization plan, if the company does not implement or cannot implement the reorganization plan, it will be declared bankrupt, and the stock faces the risk of delisting; and the company's net assets at the end of 2024 were negative, if a similar situation occurs in 2025, the stock will also face the risk of delisting.