Zhizheng Shares Co., Ltd. (603991.SH) major asset restructuring related matters have been approved by the restructuring committee of the Shanghai Stock Exchange.

Zhtng Cijng APP news, Zhzhng Gfn (603991.SH) announcement, the company intends to acquire the equity and control of Advanced Encapsulation Materials International Limited through major asset replacement, issuance of shares, and payment of cash, as well as to transfer 100% equity of Shanghai Zhzhng New Materials Co., Ltd. and raise supporting funds. The Shanghai Stock Exchange's M&A and Restructuring Review Committee held the 10th M&A and Restructuring Review Committee meeting for the year 2025 on August 11, 2025, to review the company's application for this transaction. According to the Shanghai Stock Exchange's M&A and Restructuring Review Committee's announcement of the results of the 10th review meeting for the year 2025, the review result of this meeting is that this transaction meets the restructuring conditions and disclosure requirements.