Dechang Group: intends to issue A-shares to specific investors.

Dechang Holdings announced that the company held a board of directors and supervisory board meeting on April 26, 2025, and approved the proposal to issue A shares to specific targets in 2025. The proposal and related documents have been disclosed on the website of the Shanghai Stock Exchange on the same day. The issuance of shares still requires approval from the company's shareholders' meeting, approval from the Shanghai Stock Exchange, and registration approval from the China Securities Regulatory Commission before it can be implemented.