ST Xinhuajin: The matter of selling all the equity of Shandong Jimo Huangjiu Factory Co., Ltd. has been terminated.

ST Xinhua Jin announced that the company's stock price has increased by 76.78% since October 15, 2025, with six consecutive trading days of limit up, totaling an increase of 34.21%, which is significantly higher than the industry and Shanghai Stock Index during the same period. There have been no major changes in the company's fundamentals, but there is a situation of overheated market sentiment and irrational speculation, with the risk of rapid price declines at any time. An associated party originally planned to sell all the shares of Shandong Jimo Yellow Wine Factory Co., Ltd. to Qingdao Beer Group Co., Ltd., with the proceeds from the equity transfer intended to repay the company's non-operating funds. Currently, the transaction has been terminated and the associated party will seek other ways to raise funds to repay the company's non-operating funds that were used.