Quanyang Quan: Intends to list and transfer 100% equity of its subsidiary, Suzhou Landscaping.

Quanyang Quan announced that, in order to optimize its asset structure and focus on its core business, it plans to publicly list and transfer 100% equity of its wholly-owned subsidiary, Suzhou Industrial Park Landscape Greening Engineering Co., Ltd., through the Jilin Changchun Property Rights Trading Center. The registered capital of the company is 220.20 million yuan. This matter has been approved by the board of directors but is still pending approval from the superior state-owned assets regulatory authority and does not constitute a major asset restructuring. Suzhou Landscape has been continuously losing money in recent years, with revenue of 42.36 million yuan and a net loss of 34.92 million yuan in the first half of 2025. This pre-listing is for informational purposes only, and auditing and evaluation work will be conducted simultaneously. There is uncertainty in the subsequent transaction.