San Yuan Holdings: The holding company San Yuan Shuang Bao's business term is about to expire, and it is planning to cease operations.

Sanyuan Corporation announced that the board of directors will hold a meeting on July 1, 2026, and agreed to terminate the operation of its subsidiary Sanyuan Shuangbao and implement liquidation and withdrawal. Sanyuan Shuangbao has a registered capital of 71.755 million yuan, with the company holding 53% of the shares. As of the end of 2025, its total assets were 95.7148 million yuan, net assets were 55.9139 million yuan, revenue in 2025 was 78.6419 million yuan, and net loss was 16.7713 million yuan; as of March 31, 2026, total assets were 90.9834 million yuan, net assets were 51.6211 million yuan, revenue from January to March 2026 was 19.2278 million yuan, and net loss was 4.2928 million yuan. After the liquidation is completed, it will no longer be included in the company's consolidated financial statements, and will not have a significant impact on the company's operations.