Cain Company: Holding Subsidiary Intends to Apply for Delisting.

Cain Corporation announced that its holding subsidiary Zhejiang Kaifeng New Materials Co., Ltd. plans to actively apply for the termination of the listing of its stocks on the National SME Share Transfer System. Kaifeng New Materials has a registered capital of RMB 58 million, with the company holding 34.8 million shares, accounting for 60% of the registered capital. As of March 31, 2025, Kaifeng New Materials had unaudited total assets of RMB 611 million, net assets of RMB 437 million, operating income of RMB 140 million, total profit of RMB 9.6 million, and net profit of RMB 8.24 million. After the delisting, Kaifeng New Materials will continue to strengthen its own operational management capabilities and professional technical level, continue to standardize operations, and promote sustainable and stable development.