Shunbo Alloy: Application for issuing shares to specific recipients has been updated, but the outcome is still uncertain.

Shunbo Alloy announced that on December 25, 2025, the company received an inquiry letter from the Shenzhen Stock Exchange regarding the issuance of stocks to specific parties. The company has replied to the inquiries with the assistance of intermediaries and updated the prospectus and other application documents. According to the financial data for the year 2025, the relevant documents will be further supplemented, updated, and revised. The issuance still needs approval from the Shenzhen Stock Exchange and registration approval from the China Securities Regulatory Commission before it can be implemented. The final outcome and timing are uncertain.