Soho Fashion: Announcement on the Progress of Asset Replacement and Major Asset Restructuring Planning.

Suhao Fashion announced that on December 8, 2025, the company received a notice from Suhao Holdings Group regarding the planning of asset exchange, intending to conduct asset exchange with the company. The assets to be exchanged include 54.00% equity of Jiangsu Suhao Zhongjia Fashion Co., Ltd.; the assets to be exchanged out include 100.00% equity of Jiangsu Shuntian Chemical Storage Co., Ltd. and 2.27% equity of Jintai Futures Co., Ltd., constituting related party transactions, without involving the issuance of shares. As of the date of the announcement, due diligence, financial audit, asset valuation, and other works are progressing, and the transaction is still in the planning stage. The plan is subject to further discussion and negotiation, with existing uncertainties and unresolved issues related to industry competition.