Special Reminder:
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Due to Tianmao Group's intention to adjust its business structure and facing significant uncertainties that may have a major impact on the company, Tianmao Group plans to voluntarily withdraw its A-share listing on the Shenzhen Stock Exchange by shareholder resolution. After the stock is delisted, the company will apply to transfer to the delisting segment managed by the National Small and Medium Enterprises Share Transfer System Co., Ltd.
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To fully protect the interests of investors, the company will initiate a protection mechanism for dissenting shareholders and other shareholders. Jingmen Weituo Hongcheng Management Partnership (Limited Partnership) will provide cash options to all A-share shareholders registered on the cash option record date, excluding Xinfeng Group, Wang Wei, and Liu Yiqian (limited sale or shares with rights restrictions are excluded).
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The company's stock (abbreviated as *ST Tianmao, stock code: 000627) has been continuously suspended from trading since the market opened on August 14, 2025. This voluntary termination of the company's stock listing has been approved by the company's first extraordinary general meeting of shareholders in 2025. The company will submit an application for voluntary termination of listing to the Shenzhen Stock Exchange within fifteen trading days after the resolution is made at the shareholders' meeting. The company's stock will enter the cash option distribution, exercise declaration, and settlement phase, and will no longer be traded. Investors are advised to pay attention to investment risks. Eligible A-share shareholders will receive one cash option right for each share entitled to exercise the cash option, and shareholders can declare to exercise the cash option during the declaration period at the exercise price of 1.60 yuan per share. The company and all members of the board guarantee the truthfulness, accuracy, and completeness of the announcement, with no false records, misleading statements, or significant omissions.
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Shareholders declaring cash options cannot declare options for shares that are subject to restrictions, have been frozen, pledged, or have other rights limitations. The upper limit of shares declared by shareholders is the number of shares held in their accounts that are not subject to restrictions, pledges, judicial freezes, or other rights limitations as of the close of trading on the cash option record date. If shares declared for exercising cash options are restricted, judicially frozen, pledged, or subject to third-party rights after the declaration is completed, the declaration for those shares will be invalid from the time of such restrictions.
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Investors holding Tianmao Group stock through margin trading accounts and needing to declare cash options must transfer the corresponding shares from the margin account to their regular securities account no later than the cash option record date. On the cash option distribution date, the corresponding cash options will be distributed to the investor's securities account, and investors must declare the exercise of cash options through their securities accounts on the declaration date. Investors engaged in repurchase agreements must complete early repurchase procedures no later than the trading day before the cash option record date.
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Shareholders entitled to cash options can declare to exercise their options in full or in part during the declaration period (specific dates to be announced) from 9:30 AM to 11:30 AM and from 1:00 PM to 3:00 PM, transferring their shares to the cash option provider, Jingmen Weituo Hongcheng Management Partnership (Limited Partnership). If eligible A-share shareholders do not declare or effectively declare to exercise their cash options during the declaration period, they will not receive the corresponding cash compensation.