Announcement on Suspension of Trading Due to Major Matters Planned by the Indirect Controlling Shareholder (the First Largest Shareholder)

About this update from Shang Gong Group Co., Ltd. Class A

On November 27, 2024, Shang Gong Group Co., Ltd. received a notice from Shanghai Puke Feiren Investment Co., Ltd., the first largest shareholder of the Company, that the partners of Shanghai Hongtianyuan Management Consulting Partnership (Limited Partnership), an indirect controlling shareholder of Shanghai Puke Feiren Investment Co., Ltd., were planning the negotiated transfer of property shares, which may lead to a change in the control right of Shanghai Puke Feiren Investment Co., Ltd., the first largest shareholder of the Company.Given that the relevant matter is under negotiation and there are uncertainties, in accordance with relevant regulations, upon the company's application, trading of the company's A-shares and B-shares will be suspended from the market opening on November 28, 2024, with an expected suspension period not exceeding 2 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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