Shengxing Co., Ltd.: Wholly-owned subsidiary Shengxing Zhejiang Intelligent plans to absorb and merge with Bode Technology.

The company Shengxing Co., Ltd. announced that it will hold a board meeting on August 14, 2026, to review and approve the proposal for its wholly-owned subsidiary Shengxing Intelligent Technology Co., Ltd. to absorb and merge Wenzhou Bode Technology Co., Ltd. After the absorption and merger is completed, Shengxing Intelligent Technology will continue to exist, while Bode Technology will be dissolved in accordance with the law, inheriting all its assets, liabilities, and other matters. This absorption and merger falls within the decision-making authority of the board and does not constitute a related party transaction or a major asset reorganization. It is advantageous for reducing management and operating costs and will not adversely affect the company's financial and operational situation.