Jiaozuo Wanfang announced that the company originally intended to issue shares to purchase 99.4375% of Cayman Aluminum Co., Ltd.'s shares from 19 counterparties. The transaction constituted a major asset restructuring, restructuring and listing and related transactions. Due to major changes in the market environment from the beginning of planning, the company and the main counterparty agreed to terminate the transaction. The termination has been reviewed and approved by the company's board of directors. There is no need to submit it to the shareholders' meeting for review. A termination agreement has been signed with the main counterparty. There are no circumstances where liability is required for breach of contract, and it will not have a significant adverse impact on the company's main business or financial situation. The company promised not to plan major asset restructuring matters for at least 1 month from the date of termination of this restructuring announcement.

Jiaozuo Wanfang announced that the company originally intended to issue shares to purchase 99.4375% of Cayman Aluminum Co., Ltd.'s shares from 19 counterparties. The transaction constituted a major asset restructuring, restructuring and listing and related transactions. Due to major changes in the market environment from the beginning of planning, the company and the main counterparty agreed to terminate the transaction. The termination has been reviewed and approved by the company's board of directors. There is no need to submit it to the shareholders' meeting for review. A termination agreement has been signed with the main counterparty. There are no circumstances where liability is required for breach of contract, and it will not have a significant adverse impact on the company's main business or financial situation. The company promised not to plan major asset restructuring matters for at least 1 month from the date of termination of this restructuring announcement.