Sheng Hong Shares: Shareholder inquiry transfer pricing is set at 27.76 yuan per share.

Shenghong Group Announcement: According to the inquiry subscription situation on May 15, 2025, the preliminary determined transfer price for this inquiry is 27.76 yuan per share. The transfer of this inquiry will not be conducted through centralized bidding or block trading, and does not involve reducing holdings through the secondary market. The transferee who acquires shares through this inquiry transfer shall not transfer the shares within 6 months after the transfer. The number of institutional investors participating in this inquiry transfer bid is 20, including qualified foreign investors, fund management companies, private equity fund managers, securities companies, insurance companies, and other professional institutional investors. The total effective subscribed shares by the institutional investors participating in this inquiry transfer bid is 17.108 million shares, with a corresponding effective subscription ratio of 3.67 times. The shares intended for transfer in this inquiry have been fully subscribed, and the preliminary determined transferees are 10 institutional investors, with a total of 4.66 million shares intended for transfer.