Jiahua Group: Change in Ownership Control as Shandong Provincial Land Development Group Plans to Take Over

Jiahua Corporation announced that on April 7, 2026, Shandong Land Development Group signed an agreement with the transferor to acquire 36.2237 million shares of the company through an agreement transfer method. After the transfer is completed, the controlling shareholder of the company will change to Land Group, and the actual controller will change to the Shandong Provincial State-owned Assets Supervision and Administration Commission. At the same time, the company plans to issue a targeted increase of no more than 21.4302 million shares to Land Group, and after completion, Land Group's shareholding will reach 31%. This agreement transfer and targeted increase both require approval from relevant departments and have uncertainties.