Announcement on Suspension of Planning Major Asset Restructuring

About this update from Shanghai Carthane Co. Ltd. Class A

(603037“Shanghai Carthane Co., Ltd.”Announcement on Suspension of Planning Major Asset Restructuring)Due to the planning of an asset acquisition through the issuance of shares and payment of cash, and in accordance with relevant regulations, upon the application of Shanghai Carthane Co., Ltd., the company's shares and convertible bonds (bond abbreviation: Carthane Convertible Bond, bond code: 113698) will be suspended from trading starting from the market opening on November 24, 2025. The trading suspension is expected to last no more than 5 trading days.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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