Changzhou Shenli Electrical Machine Co. Ltd. Class ASSE: 603819

Announcement on Progress of Controlling Shareholder's Plan for Changing Control Rights and Resumption of Stock Trading

· Issued by Changzhou Shenli Electrical Machine Co. Ltd. Class A via Shanghai Stock Exchange
On November 14, 2024, Mr. Chen Zhongwei, the controlling shareholder and actual controller of Changzhou Shenli Electrical Machine Incorporated Company, Liaoning Weishu Enterprise Management Co., Ltd., and Guangzhou Kangqi Asset Management Center (Limited Partnership) jointly signed the Framework Agreement on Transfer of Changzhou Shenli Electrical Machine Incorporated Company's Shares.
Following the Company's application to the Shanghai Stock Exchange, its shares will resume trading when the market opens on November 15, 2024.

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