Liugang Group: The issuance of shares and the payment of cash to purchase assets are still in progress.

Liugang Corporation announced that the company plans to issue shares and pay cash to acquire a portion of the equity in Guangxi Steel Group Limited held by Guangxi Liuzhou Steel Group Limited and raise matching funds, constituting a related party transaction. The company's stock has been suspended from trading since April 23, 2026, and will resume trading on May 8. Since the disclosure of the transaction plan, the company has been actively progressing with auditing, evaluation, and other related work. Once completed, a further meeting of the Board of Directors will be held to discuss the formal proposal. The transaction still needs to be deliberated by the Board of Directors and shareholders' meeting, as well as pass through the review by the Shanghai Stock Exchange and approval by the China Securities Regulatory Commission, therefore there is uncertainty about whether it will be implemented.