"Shi Tou shares: due to expired financial data, the Shanghai Stock Exchange suspends the review of the company's major asset restructuring."

On March 1st, Lion Head Co., Ltd. announced that the audited financial data referenced for the issuance of shares, payment of cash for asset acquisitions, raising of matching funds and related party transactions exceeded the validity period as of February 28, 2026. The company has received a notice from the Shanghai Stock Exchange to suspend the review. The company stated that it will conduct additional audits and update materials, and will apply to resume the review once completed. This suspension of review will not have a major adverse impact on the transaction.