Special Notice:
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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 shareholders in 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 A-share shareholders who receive cash option rights can declare to exercise their rights in whole or in part at the exercise price of 1.60 CNY per share during the cash option declaration period and receive cash compensation after settlement. After the stock enters the delisting segment, investors in the Shenzhen Stock Connect may be unable to transfer their stocks, and investors are reminded to be aware of 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 AM and 1:00 to 3:00 PM. If eligible A-share shareholders do not declare or effectively declare their cash option rights 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 last trading day before this announcement, 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 option rights 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 truthfulness, 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 "Shenzhen Stock Exchange Self-Regulatory Guidelines No. 1 - Business Handling," the Company will provide cash option rights through the trading system (displayed as "cash option rights" during system declaration). Specific operational methods are detailed in the section "III. Methods for Declaring and Exercising Cash Option Rights."
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This announcement only explains matters related to the declaration and exercise of cash option rights and does not constitute a recommendation for declaring to exercise cash option rights. Investors wishing to understand the details of the voluntary termination of the listing should read the full text of the announcement "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.