I. Explanation of the Appointment of the Sponsor Securities Firm
Weichuang Group Co., Ltd. (hereinafter referred to as "the Company") has had its stock trading below 1 RMB for twenty consecutive trading days from July 26, 2024, to August 22, 2024, which triggers the delisting conditions as per Article 9.2.1 of the Shenzhen Stock Exchange Listing Rules (2024 Revision). On September 18, 2024, the Company received the decision from the Shenzhen Stock Exchange regarding the delisting of its stock (Shenzhen Stock Exchange [2024] No. 765), which decided to terminate the listing of the Company's shares.
Given that the Company's shares will be transferred to the delisting segment managed by the National Equities Exchange and Quotations (NEEQ) after delisting, the Company is required to sign an agreement with a qualified securities firm (hereinafter referred to as "the Sponsor Securities Firm") to provide share transfer services and authorize it to handle matters related to the