Songfa Corporation: Application for issuance of stocks to specific entities approved by the Shanghai Stock Exchange

Songfa Corporation announced that on May 22, 2026, the company received the review opinion issued by the Shanghai Stock Exchange. The company applied for the issuance of shares to specific investors, meeting the issuance, listing conditions, and information disclosure requirements. After receiving the application documents, the Shanghai Stock Exchange will submit them to the China Securities Regulatory Commission for registration. The implementation of this matter is subject to the decision of the CSRC for registration, and there is uncertainty in whether it will be approved and the timing. The company will disclose any progress in a timely manner.