ST Xinhua Jin: The substantial merger and reorganization of 22 companies, including the controlling shareholder, has been initiated, starting the pre-recruitment of potential investors.

ST Xinhua Jin Announcement: The company has learned that its controlling shareholder, Shandong Lu Jin Import and Export Group Co., Ltd., and its indirect controlling shareholder, Xinhua Jin Group Co., Ltd., along with 22 other companies, were substantively merged and reorganized by the court on April 10, 2026. The latest development is that the administrators of the aforementioned 22 companies subject to substantive merger and reorganization published a pre-recruitment announcement for potential investors on the JD Asset Trading Platform on May 22, 2026, detailing the basic information of the reorganized assets, the purpose of the pre-recruitment, conditions, and registration methods. Currently, the company's production and operations are all normal, and this matter has not had a significant substantive impact on its daily operations.