Tianmao Group to delist, offering cash option for shareholders

Tianmao Industrial Group Co. Ltd. announced its decision to proactively delist its A-shares from the Shenzhen Stock Exchange, effective August 14, 2025, due to business restructuring. The company will transition its shares to the national SME share transfer system. To protect investor interests, a cash option right will be offered to eligible A-shareholders at an exercise price of 1.60 yuan per share. This option will be provided by Jingmen Weituo Hongcheng Management Partnership (Limited Partnership).

The cash option exercise period, which will be announced, allows eligible shareholders to declare their intent to sell all or part of their shares at the set price. Shareholders not affiliated with Xinliyi Group, Liu Yiqian, or Wang Wei are eligible, provided their shares are not restricted, frozen, or pledged. As of August 13, 2025, the stock's closing price was 1.58 yuan per share.

The cash option rights will not be listed for trading. The final number of shares for which cash options will be offered is capped at 1,629,376,288 shares. The company advises investors to be aware of the risks involved and to consult further announcements for specific timelines and procedures.