Taifu Pump Industry: Planning for a change in control, stock trading suspended.

Taifu Pump Industry announced that the actual controllers Chen Yiwen and Lin Huifu are currently planning changes in control rights, which may result in changes in the controlling shareholders and actual controllers of the company. After applying to the Shenzhen Stock Exchange, the company's stock and convertible bonds will be suspended from trading starting from March 24, 2026, for a period not exceeding 2 trading days. During this time, the conversion of "Taifu Convertible Bonds" will be suspended. This matter is still in the planning stage and there is significant uncertainty.