REFIRE(02570): China Securities Regulatory Commission approves registration for issuance of domestic shares based on special authorization.

REFIRE (02570) announced that the company recently received approval from the China Securities Regulatory Commission (CSRC), dated November 17, 2025, regarding the registration of Shanghai REFIRE Group Limited to issue shares to specific entities (CSRC License [2025] No. 2544). According to this approval, the CSRC has authorized the issuance of domestic shares based on the subscription matters. The details of the approval are as follows: I. Approval for the company to issue domestic shares to specific entities. II. The issuance should strictly follow the application documents submitted to the CSRC. III. The approval is valid for 12 months from the date of registration by the CSRC. IV. In case of significant events occurring in the company from the date of registration by the CSRC until the completion of the issuance, the company should promptly report to the CSRC and handle it according to relevant regulations. The Board of Directors will proceed with the subscription matters according to the approval, relevant laws and regulations, as well as the special authorization granted by the extraordinary general meeting of shareholders. Further announcements will be made in accordance with the listing rules and/or relevant laws and regulations at an appropriate time.