002445SZSE
🚨 Material Event

Progress Announcement on Major Asset Restructuring

✨ AI Summary

This announcement provides an update on the major asset restructuring of Zhongnan Cultural Group Co., Ltd. The company plans to acquire a 57.30% stake in Jiangyin Sulong Thermal Power Co., Ltd. through a share issuance and cash payment. As of the announcement date, necessary audits and evaluations are still ongoing, and the transaction is subject to internal approvals and regulatory consent.

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Full Translation

AI Translation· azure_openai

Zhongnan Cultural Group Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, without false records, misleading statements, or significant omissions.

Special Reminder:

  1. The Company disclosed the "Plan for Issuing Shares and Paying Cash to Purchase Assets and Raising Supporting Funds and Related Transactions" on March 9, 2026, detailing the relevant risk factors and necessary approval procedures for this transaction. Investors are advised to read the relevant content carefully and pay attention to investment risks.
  2. As of the date of this announcement, the parties involved in the transaction still need to further communicate and discuss transaction details. Apart from the risk factors disclosed in the aforementioned plan, the Company has not identified any matters that may lead to the cancellation, suspension, or substantial changes to the transaction plan. The relevant work for this transaction is progressing in an orderly manner.

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