Ji Hua Group: Planning for Change in Control Rights, Stock Continues to Halt Trading for no more than 3 trading days.

Jihua Group announced that on January 30, the controlling shareholder Hangzhou Jinhui Electromechanical is planning to transfer part of the company's equity through an agreement, which may lead to a change in the company's controlling shareholder and actual controller. The company's stock has been suspended from trading since February 2. As of the date of the announcement, the plan is still under negotiation and no formal agreement has been signed, so it is expected that the stock will not resume trading on February 4. The company has applied for the stock to continue to be suspended from trading starting from the opening of the market on February 4, for a period of not more than 3 trading days. Progress will be disclosed promptly during the suspension period, and the resumption of trading will be applied for after the matter is confirmed.