Shahe Stock: Intends to acquire 70% equity of Jinhua Electronics with cash, and the transaction is proceeding in an orderly manner.

Shaho Industries announced that the company plans to purchase 70% of the shares of Jinhua Electronics held by Shenye Pengji through cash payment, constituting a major asset restructuring and related party transaction. The transaction does not involve issuance of shares, does not constitute a reverse takeover listing, and will not change the controlling shareholder and actual controller. On February 6, 2026, the company's board of directors has reviewed and approved the plan and signed relevant agreements. On February 13, the company received an inquiry letter from the Shenzhen Stock Exchange and is currently organizing verification and response. The current transaction work is progressing in an orderly manner, but still needs to fulfill necessary decision-making and approval procedures.