Dawn Group: Termination of issuance of stocks to specific targets, Shanghai Stock Exchange decides to terminate review.

Dawn Shares announced that the company held a meeting in 2025 to review and approve the proposal to terminate the issuance of shares to specific individuals in 2024 and withdraw the application documents. Subsequently, the company and the sponsor, CMB International Securities, submitted an application to the Shanghai Stock Exchange to withdraw the application documents and cancel the sponsorship work. On November 12, 2025, the company received a decision from the Shanghai Stock Exchange to terminate the review of the company's issuance of shares to specific individuals in accordance with relevant regulations.