Minhua Holdings: Subsidiary acquires 100% equity of target company, with a total price of approximately $58.7 million.

Minhua Group Announcement: The Company's indirect wholly-owned subsidiary, Minhua US Manufacturing, entered into a purchase agreement with the seller on December 18, 2025. According to the agreement, Minhua US Manufacturing agreed to acquire and the seller agreed to sell the purchased shares, equivalent to 100% of the issued share capital of the target company, for a price of 32 million US dollars.