Shanshan Corporation: Restructuring investment agreement terminated, continues to recruit prospective investors.

Shanshan Group announced that the restructuring plan of the controlling shareholder Shanshan Group and its wholly-owned subsidiary Pengze Trading has been terminated as the plan did not pass the vote of the creditors' meeting. The restructuring investment agreement has been legally terminated. The administrator is now continuing to recruit potential investors and has announced the registration conditions, time, documents, due diligence arrangements, and selection process on November 7, 2025. Currently, the company's production and operation are normal, and the controlling shareholders do not engage in non-operational fund occupation or violate the interests of the listed company through improper guarantees. Shanshan Group holds 14.24% of the company's shares, and Pengze Trading holds 9.13% of the shares, both of which are subject to pledges and judicial freezes. There is uncertainty regarding the success of the restructuring in the future, which may affect the company's controlling ownership.