Wanhui High-tech: The change of indirect controlling shareholder has been completed, and Conch Group has become the new indirect controlling shareholder.

Wanhui High-tech announced that Conch Group plans to increase its cash investment by 4.978 billion yuan to hold 60% of Wanhui Group's equity, indirectly controlling 18.24% of the companys shares. The Provincial Investment Group and the Provincial State-controlled Group plan to transfer 20% and 7.50% of Wanhui Group's equity and the companys shares, respectively, without compensation. The three parties act in concert, with Conch Group collectively holding 33.24% of the voting shares in the company. Recently, Wanhui Group has completed the industrial and commercial change registration, and Conch Group has become the indirect controlling shareholder of the company, while the actual controller remains the Anhui Provincial State-owned Assets Supervision and Administration Commission. This acquisition does not affect the company's main business, governance, or ongoing operations.