Tianjin Development Zone: Proposed adjustment of major asset restructuring plan.

The announcement of the major asset restructuring plan of Jinzhu City has been released, and the company has decided to make significant adjustments to the original plan. The original plan included three parts: major asset exchanges, issuance of shares and payment of cash to purchase assets, and raising supporting funds. The adjusted restructuring plan is expected to constitute a major asset restructuring, but will not lead to changes in the controlling shareholders and actual controllers of the company, nor will it constitute a restructuring listing. The adjusted restructuring plan still needs to be negotiated and agreed upon with the trading party, and relevant agreements need to be signed, as well as necessary decision-making and approval procedures to be fulfilled. The company will actively organize relevant intermediary agencies to continue with related work.