Gaozheng Mining Explosives: Cangjian Group plans to transfer 34% of its equity to the Geological Mining Group without compensation.

Gaozheng Min Explosion Announcement states that the Tibet Construction Group intends to transfer its holding of 94,195,640 shares of the company to the Geological Mining Group without compensation. Both parties signed the "Transfer Agreement" on August 5, 2026. This transfer has been notified by the Tibet Autonomous Region State-owned Assets Supervision and Administration Commission and approved by the boards of directors of both parties, but it still needs to obtain compliance confirmation from the Shenzhen Stock Exchange and complete the share transfer registration procedures. This transfer does not involve employee placement, and the shares will remain state-owned after the transfer.