Huijin Group: Planning to purchase 20% equity of Cooper New Energy in cash, becoming a controlling subsidiary company.

Huijin Shares announced that the company is planning to purchase 20% of the equity of Cooper New Energy with cash. Its shareholder, Yu Chunsheng, will entrust or transfer no less than 31% of the voting rights, so that the company's voting rights will not be less than 51% after the completion of the transaction, making Cooper New Energy a wholly-owned subsidiary. This transaction is expected to constitute a major asset restructuring, and does not involve share issuance, related-party transactions, or changes in control. An intention agreement was signed on August 29, 2025, and currently due diligence, audits, evaluations, etc. are progressing, and negotiations on details are underway, but no formal documents have been signed. The transaction has not been finalized, and the company's stock will not be suspended.