Huafeng Aluminum announced that the company and Huafeng Group signed an “Equity Transfer Agreement” on November 26, 2025 to acquire 100% of Huafeng Puen's shares for 100 million yuan. Since the 9,600-square-meter building in Huafeng Puen did not obtain a title certificate and there is a risk of demolition loss, the two parties signed a supplementary agreement on December 9 to deduct the assessed value of this part of the building of 11.5292 million yuan from the transaction consideration. The adjusted transaction price was 885.313 million yuan. Huafeng Group undertakes to cover potential risks. The matter has been reviewed by an independent board meeting and board of directors, and there is no need for a shareholders' meeting to consider it.

Huafeng Aluminum announced that the company and Huafeng Group signed an “Equity Transfer Agreement” on November 26, 2025 to acquire 100% of Huafeng Puen's shares for 100 million yuan. Since the 9,600-square-meter building in Huafeng Puen did not obtain a title certificate and there is a risk of demolition loss, the two parties signed a supplementary agreement on December 9 to deduct the assessed value of this part of the building of 11.5292 million yuan from the transaction consideration. The adjusted transaction price was 885.313 million yuan. Huafeng Group undertakes to cover potential risks. The matter has been reviewed by an independent board meeting and board of directors, and there is no need for a shareholders' meeting to consider it.