Sanhuan Group: Intends to issue H shares and apply for listing on the main board of the Hong Kong Stock Exchange.

Sanhuan Group announced that the 16th meeting of the 11th Board of Directors of the company reviewed multiple proposals, including the issuance of overseas stocks and application for listing on the main board of the Hong Kong Stock Exchange. It is proposed to publicly issue 10% of the total number of shares after the issuance of H shares, and the Board of Directors is authorized to grant underwriters the right to oversubscribe up to 15% of the excess H shares. The validity period of the resolutions related to this issuance is 24 months from the date of approval by the shareholders' meeting, and the authorization period is also the same. In addition, the meeting also approved the appointment of audit firms, the development of relevant systems, and other proposals, all of which still need to be submitted to the company's shareholders' meeting for approval.