FENGXIANG CO(09977): The merger has been implemented unconditionally and the merger has taken effect.

FENGXIANG CO (09977) and the offeror Jingyu Enterprise Development (Shandong) Co., Ltd. jointly announce that, as of the date of this joint announcement, all implementation conditions under the merger agreement have been met. Therefore, the merger has become unconditional and has taken effect. Following the effective date of the merger, the conditional delisting of H shares from the Hong Kong Stock Exchange has become unconditional. As a result, the listing status of H shares on the Hong Kong Stock Exchange will be delisted from 4:00 pm on July 31, 2025 (Thursday).