SHENGHUI CLEAN (02521): Possible capital injection may not proceed.

21:09 18/03/2026

Shenghui Clean (02521) issued an announcement regarding the intention agreement that may not be legally binding. According to the intention agreement and the extension agreement signed between Guangzhou Shenghui and the target company Hao Huo (Chongqing) Network Technology Co., Ltd. on January 15, 2026, if a formal investment agreement is not signed by Guangzhou Shenghui and the target company by March 18, 2026, the investment may not proceed, and the target company must return a refundable deposit of RMB 9 million to Guangzhou Shenghui within 3 working days from March 18, 2026. The Board of Directors believes that these matters will not have a significant adverse impact on the Group's existing operations and financial condition.

SHENGHUI CLEAN (02521) announces that it has entered into a non-binding letter of intent regarding a potential investment agreement which may not have legal binding force. According to the letter of intent and the extension agreement dated January 15, 2026 between Guangzhou Shenghui and the target company, HaoHuo (Chongqing) Network Technology Co., Ltd., if a formal investment agreement is not reached by March 18, 2026, the potential investment may not proceed, and the target company will need to return a refundable deposit of RMB 9 million to Guangzhou Shenghui within 3 working days starting from March 18, 2026. The Board of Directors believes that these matters will not have a significant adverse impact on the Group's current operations and financial condition.

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