Pangu Intelligent: Acquired 11.97% stake in Changsha Zhongcheng Petrochemical Co., Ltd. for 24.642 million yuan.

Pangu Intelligence Announcement: The company held its 15th meeting of the second board of directors on November 14, 2025, and approved the "Proposal on Acquiring Partial Shares of Changsha Zhongcheng Petrochemical Co., Ltd. and Obtaining Control Rights". Based on strategic planning and business development needs, the company used its own funds of 24.642 million yuan to acquire 3.7 million shares of Changsha Zhongcheng Petrochemical Co., Ltd. held by Li Bul, accounting for 11.97% of the total shares of Zhongcheng Petrochemical. After this acquisition, the company's shareholding in Zhongcheng Petrochemical increased from 35.34% to 47.31%, making the company the largest shareholder of Zhongcheng Petrochemical. The board of directors of Zhongcheng Petrochemical consists of five directors, of which three are nominated by the company, accounting for more than half of the board seats. Therefore, the company has obtained control of Zhongcheng Petrochemical, which will become a subsidiary of the company and be included in the company's consolidated financial statements.