Zongheng Co., Ltd.: Termination of the issuance of A-shares to specific targets for the year 2025 and withdrawal of application documents.

Zongheng Co., Ltd. announced that it will hold the 17th meeting of the 3rd Board of Directors on August 3, 2026, to review and approve the termination of the issuance of A-shares to specific individuals for the year 2025 and to apply to the Shanghai Stock Exchange for the withdrawal of the relevant application documents. Due to its wholly-owned subsidiary obtaining special permits related to specialized fields, the company must comply with the review procedures for military industry matters as required by relevant management regulations. After careful consideration, it has been decided to terminate this issuance. The termination is subject to the approval of the Shanghai Stock Exchange, and the company will seek to restart the process at an appropriate time in the future.