SHANXI INSTALL (02520): Changes in the equity structure of the controlling shareholder.

SHANXI INSTALL (02520) announces that the company recently received a notice from Shanxi Construction Investment Group Co., Ltd. (Shanxi Construction Investment) regarding the transfer of state-owned equity held by Shanxi Provincial State-owned Capital Operation Limited Liability Company (Shanxi State-owned Capital Operation Company) to the State-owned Assets Supervision and Administration Commission of Shanxi Provincial People's Government (Shanxi Provincial State-owned Assets Supervision and Administration Commission) as per the requirements of document Jin Guo Zi Quan [2025] No. 75. Accordingly, Shanxi Provincial People's Government has decided to transfer 52.44% equity of Shanxi Construction Investment held by Shanxi State-owned Capital Operation Company to Shanxi Provincial State-owned Assets Supervision and Administration Commission (this transfer). Before and after this transfer, Shanxi Construction Investment remains the direct controlling shareholder of the company, while Shanxi Provincial State-owned Assets Supervision and Administration Commission is the ultimate beneficial owner of the company. Currently, the completion of the above-mentioned matters is pending industrial and commercial change registration procedures. After this transfer, the company's equity structure is as shown in the figure below: This transfer will not change the ultimate beneficial owner, direct controlling shareholder, or their shareholding percentage of the company, will not affect the stability of the company's controlling rights, will not have any adverse impact on the company's normal production, operation, and continuous development, and there is no case of harm to the interests of the company and minority shareholders.