Fengxiang Corporation: The implementation of the merger has become unconditional and the merger has taken effect.

Fengxiang Group and the offeror Jingyu Enterprise Development Co., Ltd. jointly announced that all implementation conditions under the merger agreement have been met as of the date of this joint announcement. Therefore, the implementation of the merger has become unconditional and the merger has taken effect. Following the effective date of the merger, the conditional delisting of H shares on the Hong Kong Stock Exchange has become unconditional. Therefore, the listing status of H shares on the Hong Kong Stock Exchange will be delisted starting from 4:00 pm on July 31, 2025.