CMST Development completes registration changes after share repurchase

CMST Development Co., Ltd. has successfully completed its industrial and commercial change registration, obtaining a new business license from the Beichen District Market Supervision Administration in Tianjin. This update follows the repurchase and cancellation of 4,872,998 restricted shares, finalized on August 21, 2025. Details of the repurchase and cancellation were previously announced on August 19, 2025.

As a result of these changes, the company's registered capital has been adjusted. It decreased from RMB 2,174,952,580 to the new figure of RMB 2,170,079,582. All other information on the business license remains unchanged.

The board of directors of CMST Development Company Limited issued this announcement on October 25, 2025, confirming the completion of these administrative procedures. The company assures that the announcement is free from any false records, misleading statements, or major omissions.