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

About this update from Changzhou Shenli Electrical Machine Co. Ltd. Class A

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. The abstract is for reference only. Please refer to the full text of the announcement on the very day. Link of Full Text for Reference: View Attachment

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