Jiaozuo Wanfang Aluminum progresses on asset acquisition plan

Jiaozuo Wanfang Aluminum Manufacturing announced that it is continuing to work towards acquiring 100% equity of Cayman Aluminum (Sanmenxia) Co., Ltd. from Hangzhou Jinjiang Group Co., Ltd and other parties. The acquisition involves issuing shares and raising supporting funds, constituting a related party transaction and is expected to qualify as a significant asset restructuring. Due diligence, auditing, and valuation work are currently underway. The company plans to convene a board meeting to further deliberate on the transaction after the related work is completed and seek shareholder approval. The transaction is still subject to approval from the Shenzhen Stock Exchange and registration with the China Securities Regulatory Commission. Investors are advised to be aware of investment risks. The company will continue to make timely disclosures regarding any material developments.