Country Garden Materials: Apply to Shenzhen Stock Exchange for resumption of major asset restructuring review

Guofeng New Materials announced that the company plans to issue shares and pay cash to purchase 58.33% of the shares of Jinzhang Technology from 10 trading counterparties, including Shi Kewei, and raise funds from up to 35 specific parties. On March 31, 2026, the Shenzhen Stock Exchange suspended the review due to the expiration of the financial information in the application documents. Currently, the interim audit and update of the application documents have been completed, and the company has submitted a request to the Shenzhen Stock Exchange to resume the review. The transaction still requires review by the Shenzhen Stock Exchange and approval by the China Securities Regulatory Commission, and there is uncertainty as to whether it will be approved and the timeframe.