Dalian Shengya: SASAC agrees to the company issuing A-shares to specific targets

Dalian Shengya Announcement, Dalian SASAC has agreed in principle to the company's plan to issue A shares to specific entities and the company's 2025 restricted stock incentive plan. The issuance of shares to specific entities in 2025 and the 2025 restricted stock incentive plan still need to be submitted for approval at the company's shareholders meeting. Additionally, the issuance of shares to specific entities in this instance also requires approval from the Shanghai Stock Exchange and can only be implemented after approval from the China Securities Regulatory Commission. The final number of shares issued and the amount of funds raised will be subject to the approval granted by the China Securities Regulatory Commission.