Pochen Holding: Intends to purchase 55% of the shares of Shanghai CanShi Engineering Equipment Co., Ltd., and the stock is suspended from trading.

Bai Cheng Group Announcement: The company is planning to purchase 55% of the shares of Shanghai Canshi Engineering Equipment Co., Ltd. by issuing shares and paying cash, and raising supporting funds. It is expected that this transaction will not constitute a major asset restructuring or change in the actual controlling shareholder of the company. As the transaction is still in the planning stage, there are uncertainties involved. The company's stock will be suspended from trading starting from September 30, 2025, and is expected to resume trading within 5 trading days. During the suspension period, the company will fulfill its disclosure obligations in a timely manner based on the progress of the transaction.