Shangwei International: Shareholders holding more than 5% of the shares intend to transfer 10.98% of the shares without compensation.

Shangwei Group announced that its shareholder, Leshan Gaoxin Investment Company, with a shareholding of over 5%, plans to transfer its 68,227,906 shares held for free to its wholly-owned subsidiary Leshan Asset Management Company. This equity change involves the transfer of state-owned shares for free, does not trigger a tender offer, and does not change the controlling shareholder and the actual controller. This matter has been through internal decision-making and approval procedures, and still needs to complete the record-filing with the State-owned Assets Supervision and Administration Commission, obtain the confirmation opinions from the Shanghai Stock Exchange, and handle the transfer registration.