According to the announcement from Zhitong Finance APP, Xiangyou Pump (603319.SH) has released a notice stating that the original company name (Hunan Oil Pump Co., Ltd.) and stock abbreviation (Xiangyou Pump) can no longer highlight the company's current and future main business. In order to more comprehensively reflect the company's core business and industrial layout, and accurately reflect the company's future strategic development direction, the proposal to change the company name, registered capital, and amend the "Articles of Association" was approved at the sixth meeting of the 11th Board of Directors and the 2023 Annual General Meeting of Shareholders. The company name has been changed from "Hunan Oil Pump Co., Ltd." to "Hunan Meihu Intelligent Manufacturing Co., Ltd." and the relevant industrial and commercial change registration procedures were completed in June 2024.

During the continuous operation of the company, the new abbreviation "Meihu Co., Ltd." has formed a strong brand awareness in the market and is well recognized by a wide range of investors and upstream and downstream customers. Considering the company's strategic positioning, main business, and other factors, the Board of Directors believes that the timing for changing the company's stock abbreviation is now mature. In order to reflect the company's development prospects, adapt to the needs of the company's management and business development, further enhance the corporate image and brand value, and ensure that the company's stock abbreviation matches the full company name, the company intends to change the stock abbreviation from "Xiangyou Pump" to "Meihu Co., Ltd.", while the company stock code "603319" remains unchanged