Announcement on the Suspension of Review for Issuing Shares and Cash Purchase of Assets
Hunan Friendship Apollo Commercial Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, without false records, misleading statements, or significant omissions. The Company intends to purchase 100% equity of Shenzhen Shangyangtong Technology Co., Ltd. from 37 counterparties including Jiang Rong, Jiang Feng, and Xiao Sheng'an, through issuing shares and paying cash, while also raising supporting funds (hereinafter referred to as "this transaction"). On March 31, 2026, the Company received a notice from the Shenzhen Stock Exchange (hereinafter referred to as "SZSE") stating that the financial data in the application documents for this transaction had expired and needed to be supplemented. According to the relevant provisions of the "Rules for the Review of Major Asset Restructuring of Listed Companies by the Shenzhen Stock Exchange," the SZSE has suspended the review of this transaction.