SPAS: 49.9215 million shares of non-publicly issued restricted shares will be listed and circulated on November 10

SPAS announced that the restricted shares for this listing are non-publicly issued restricted shares, totaling 49.9215 million shares, accounting for 13.34% of the company's total share capital. The listing date for circulation is November 10, 2025, and the issuers are Shanghai Yanghe Industrial Co., Ltd. and Lin Hongyuan. In November 2021, the company was approved for a non-public issuance of shares, and in November 2022, the newly added shares completed registration, with a lock-up period of 36 months. The company's share capital has changed due to the granting of shares under the incentive plan, repurchase and cancellation, etc., and the current total share capital is 374,126,505 shares. The sponsoring institution has no objections to the listing and circulation of these restricted shares