Shenzhen Zhizheng: Major asset transaction approved by Shanghai Stock Exchange restructuring committee

On August 11, 2025, the Shanghai Stock Exchange Mergers and Acquisitions Review Committee held its 10th review meeting of the year to consider the application for the major asset swap, issuance of shares, and cash payment to purchase the equity and control rights of Advanced Packaging Materials International Limited, as well as the sale of 100% equity of Shanghai Zhizheng New Materials Co., Ltd. with the raising of supporting funds by Shenzhen Zhizheng High-performance Materials Co., Ltd. The review results indicated that the transaction met the conditions for restructuring and disclosure requirements. However, the transaction still needs to be officially implemented after approval from the China Securities Regulatory Commission, and the completion and timing of the registration are uncertain. The company will disclose any progress in a timely manner and remind investors to pay attention to subsequent announcements and investment risks.