Pan-Asian Micropermeable: Application for the issuance of stocks to specific entities approved by the Shanghai Stock Exchange.

Pan-Asia Micro Permeation Announcement: On December 19, 2025, the company received the Shanghai Stock Exchange's "Exchange Review Opinion on Jiangsu Pan-Asia Micro Permeation Technology Co., Ltd.'s Issuance of Shares to Specific Targets", which stated that the company's application for issuing shares to specific targets meets the issuance conditions, listing conditions, and information disclosure requirements. After receiving the company's application documents, the Exchange will submit them to the China Securities Regulatory Commission for registration. The company's issuance of shares to specific targets is subject to obtaining the China Securities Regulatory Commission's approval decision before implementation, and the final decision on whether to obtain China Securities Regulatory Commission's approval for registration and its timeline remain uncertain.