Valiant's holding subsidiary, Jiumu Chemical, has completed the listing guidance acceptance at the Beijing Stock Exchange

China Energy Conservation Valiant Co., Ltd. announced that its holding subsidiary Yantai Jiumu Chemical Co., Ltd. has made new progress in the public issuance of shares to unspecified qualified investors and listing on the Beijing Stock Exchange. On September 10, 2025, Jiumu Chemical received a completion letter for the acceptance of guidance work issued by the Shandong Securities Regulatory Bureau, having passed the guidance acceptance. Previously, Valiant approved the listing proposal of Jiumu Chemical on the Beijing Stock Exchange at a related meeting in July. However, there are risks that Jiumu Chemical's listing application may not pass the review of the Beijing Stock Exchange or the registration of the Securities Regulatory Commission, as well as risks of failure in the public issuance and inability to list. The company will disclose progress in a timely manner in accordance with regulations and remind investors to make cautious decisions