Jiangshan Holdings: Termination of Sale Matters

Jiangshan Holdings announces that the company has conditionally agreed to sell six project companies to the buyer, with the sale of the fourth and sixth project companies already completed. The proposed sale of the remaining four project companies has not been completed due to the failure to meet certain preconditions. After discussions between the seller and buyer, both parties did not reach an agreement to extend the final deadline or waive the conditions. On November 21, 2025, the seller and buyer terminated the first, second, third, and fifth sale agreements in accordance with the terms and conditions of the relevant sales agreements. Therefore, the first, second, third, and fifth agreements have all been terminated.