SHENGLI PIPE clarifies: Currently, there is no intention to reach any cooperation arrangement with the financial platform

According to the announcement from Shengli Pipeline (01080), the company has noted content published on the internet regarding a potential cooperation arrangement with a financial platform. The article claims that the company has met with this financial platform to discuss capital operation strategies, which is an important step for the financial platform to achieve capital and industrial synergy with leading enterprises in the real economy. The article also mentions that the financial platform will provide comprehensive support to the company, focusing on strategic investment introduction, full industry chain mergers and acquisitions, and the formulation and implementation of scientific and efficient market value management strategies, aimed at consolidating the company's industry-leading position and releasing long-term investment value. Furthermore, the article claims that both parties will explore more cooperation opportunities in the future.

The company hereby clarifies that the content of the article is inconsistent with the facts. In fact, representatives of the financial platform visited the company's wholly-owned subsidiary, Shandong Shengli Steel Pipe Co., Ltd. (Shandong Shengli), for an on-site visit, and only toured one of the sub-factories accompanied by an assistant manager from Shandong Shengli. Aside from the aforementioned, no other content mentioned in the article was discussed during this visit. As of the date of this announcement, the group currently has no intention to reach any cooperation arrangement with the financial platform