Kehua Holdings: The transfer of the company's shares may lead to a change in the controlling shareholder and actual controller. The stock continues to be suspended from trading

Kehua Holdings announced that the significant matters planned by Mr. Chen Hongmin, the company's controlling shareholder and actual controller, and his concerted parties have made substantial progress, which may lead to a change in the company's controlling shareholder and actual controller. The company's stock has been suspended from trading since August 18, 2025, and the suspension is expected to last no more than 2 trading days. As this matter is still in the planning stage, the company anticipates that it will not be able to resume trading on August 20, 2025. Upon application, the company's stock will continue to be suspended from trading on August 22, 2025, with the expected continued suspension time not exceeding 3 trading days. During the suspension period, the trading parties have further communicated regarding the relevant matters. On August 22, 2025, the company's controlling shareholder and actual controller Mr. Chen Hongmin, co-actual controller Mr. Chen Xiaoke, Jiangsu Kehua Investment Management Co., Ltd. (100% owned by Chen Hongmin), and shareholders holding more than 5% of the shares, Shanghai Jingyou New Energy Co., Ltd., signed share transfer agreements with Ms. Lu Hongping and Mr. Tu Han respectively. According to relevant regulations, after the company applies to the Shanghai Stock Exchange, the company's stock will resume trading on August 25, 2025. The main procedures that still need to be fulfilled for this change of control include but are not limited to: the agreement transfer matters still need to pass the compliance review of the Shanghai Stock Exchange and handle the relevant transfer procedures for the agreement transfer at the Shanghai branch of China Securities Depository and Clearing Corporation Limited