Daon Shares: Disclosure of Issuance of Shares to Purchase 100% of Daon Titanium Industry's Shares Inquiry Letter Response

Daon shares announced that the company plans to issue shares and pay cash to acquire 100% of the shares of Shandong Daon Titanium Industry Co., Ltd and raise supporting funds. On November 14, 2025, the company received an inquiry letter from Shenzhen Stock Exchange for review. The company and intermediary agencies replied to the inquiry and revised the transaction draft. The specific content was disclosed on December 27 on the Shenzhen Stock Exchange website. This transaction still needs to be approved by the Shenzhen Stock Exchange and obtain approval from the China Securities Regulatory Commission. The results and time are uncertain, and the company will disclose progress in a timely manner.