Three Sheep and Ma made an early redemption of the "Three Sheep Convertible Bonds" and reminded the holders to convert their shares within a limited period.

San yang ma logistics Co., Ltd. issues the first pre-redemption notice for "San Yang convertible bonds". The redemption conditions will be met on September 16, 2025, and the company has decided to exercise the early redemption right. The redemption price for "San Yang convertible bonds" is 100.49 yuan per bond, with the last trading day being October 14, redemption registration day being October 16, and redemption day being October 17. Bonds that have not been converted by the end of trading on October 16 will be redeemed forcibly. After the redemption is completed, "San Yang convertible bonds" will be delisted from the Shenzhen Stock Exchange. The company reminds holders to convert the bonds within the specified period, as failure to do so may result in losses. A self-inspection has confirmed that there has been no trading of "San Yang convertible bonds" by relevant individuals in the six months prior to meeting the redemption conditions.