Statement
On February 29, 2024, Zhejiang Sanbian Group Co., Ltd. (hereinafter referred to as "Sanbian Group") and Sanbian Technology Co., Ltd. (hereinafter referred to as "Sanbian Technology" or "the Company") signed the "Conditional Effective Subscription Agreement for Private Placement of Shares by Sanbian Technology Co., Ltd. and Zhejiang Sanbian Group Co., Ltd." (hereinafter referred to as the "Subscription Agreement"). The number of shares to be issued to specific targets is 32,051,282 shares, not exceeding 30% of the company's total share capital of 262,080,000 shares before issuance, at an issue price of 6.24 yuan per share. On April 23, 2025, Sanbian Technology Co., Ltd. received the "Approval for Registration of Private Placement of Shares by Sanbian Technology Co., Ltd." (Securities Regulatory Commission Permit [2025] No. 912) from the China Securities Regulatory Commission.
On July 15, 2025, the private placement of shares was completed, and the issuance and listing procedures were finalized. The "Confirmation Letter for Acceptance of Share Registration Application" was issued by China Securities Depository and Clearing Corporation Limited Shenzhen Branch. According to the final issuance and registration results, after this issuance, Sanbian Group holds 70,753,492 shares of Sanbian Technology, increasing its shareholding proportion in Sanbian Technology's total share capital from 14.77% before the issuance to 24.06%. This equity change will not result in a change of the listed company's controlling shareholder or actual controller. Sanbian Group remains the controlling shareholder of the listed company, and the actual controller of the listed company remains the People's Government of Sanmen County.