Special Reminder:
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Tianmao Group Co., Ltd. (hereinafter referred to as "Tianmao Group" or "the Company") stock (stock abbreviation: *ST Tianmao, stock code: 000627) has been continuously suspended from trading since the market opened on August 14, 2025. The voluntary termination of the company's stock listing has been approved by the Company's first extraordinary general meeting of 2025. According to the relevant plan for this voluntary termination, the Company has completed the distribution of cash option rights, and the stock has entered the exercise declaration and settlement phase, and will no longer be traded. Investors are advised to pay attention to investment risks. Each eligible A-share shareholder is entitled to one cash option right for every share held, and eligible A-share shareholders can declare to exercise their cash options during the declaration period at the exercise price of 1.60 CNY per share, and receive cash compensation after settlement. After the stock enters the delisting segment, investors in the Shenzhen Stock Connect may not be able to transfer their stocks, and investors are reminded to pay attention to investment risks.
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The cash option declaration period is from September 15 to September 19, 2025, during trading hours from 9:30 to 11:30 in the morning and 13:00 to 15:00 in the afternoon. If eligible A-share shareholders do not declare or fail to effectively declare their cash options during the declaration period, they will not be able to obtain the corresponding cash compensation.
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As of August 13, 2025, the closing price of Tianmao Group was 1.58 CNY per share, and the cash option exercise price is 1.60 CNY per share. Shareholders who effectively declare to exercise their cash options will receive cash compensation at the exercise price of 1.60 CNY per share. The reference stock price of the underlying stock (i.e., Tianmao Group stock) has not exceeded a 50% premium over the cash option agreed price, and the Company and all members of the board guarantee the authenticity, accuracy, and completeness of the announcement content, with no false records, misleading statements, or significant omissions.
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The absolute value of the Delta is not less than 5%. According to the relevant provisions of the "Self-Regulatory Guidelines No. 1 for Listed Companies of the Shenzhen Stock Exchange - Business Handling," the Company will provide cash options through the trading system (displayed as "cash options" during system declaration). Specific operational methods are detailed in the section "III. Methods for Declaring Cash Option Exercise."
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This announcement only explains matters related to the declaration and exercise of cash options and does not constitute a recommendation for declaring cash options. Investors wishing to understand the details of the voluntary termination of the listing should read the full text of the announcement titled "Tianmao Group Co., Ltd. on Withdrawing the Company's Stock from Trading on the Shenzhen Stock Exchange" disclosed on August 8, 2025, and pay attention to related announcements issued by the Company in a timely manner.