Substantial merger and bankruptcy liquidation of Hefei Pengchao Cement and Anhui Longfa Logistics

On October 29, the People's Court of Feidong County, Anhui Province, announced that according to the application of the administrator of Hefei Pengchao Cement Co., Ltd., it had ruled on October 26, 2026 that Hefei Pengchao Cement Co., Ltd. and Anhui Longfa Logistics Development Co., Ltd. On the same day, he appointed Anhui Merrill Lynch Law Firm as the administrator of the substantive merger bankruptcy liquidation case.

According to the application of the administrator of Hefei Pengchao Cement Co., Ltd., the People's Court

of Feidong County,

Anhui Province announced

(2025) No.8 of Anhui 0122. On October 26, 2026, it ruled that Hefei Pengchao Cement Co., Ltd. and Anhui Longfa Logistics Development Co., Ltd. were subject to substantive merger and bankruptcy liquidation according to law, and appointed Anhui Merrill Lynch Law Firm as the administrator of substantive merger and bankruptcy liquidation on the same day. The creditors of

Hefei Pengchao Cement Co., Ltd. and Anhui Longfa Logistics Development Co., Ltd. shall declare the creditor's rights to the administrator before November 30, 2026 (the office address of the administrator: 17/F, Block A, Zhongqiao Center, Intersection of Qianshan Road and Xiuning Road, Shushan District, Hefei City, Anhui Province; contact person: Lawyer Xu; Contact number: 13655690422), stating in writing the amount of the claim, whether there is property guarantee and whether it belongs to joint and several claims, and providing relevant evidentiary materials. Those who fail to declare their claims within the above-mentioned time limit may make supplementary declarations before the final distribution of the bankruptcy property, but they have no right to request supplementary distribution for the previous distribution, and they must bear the expenses incurred for the examination and confirmation of the supplementary declaration of claims. Those who fail to declare their claims shall not exercise their rights in accordance with the procedures prescribed in the Enterprise Bankruptcy Law of the People's Republic of China. The debtor or property holder of Hefei Pengchao Cement Co., Ltd. and Anhui Longfa Logistics Development Co., Ltd. shall pay off debts or deliver property to the administrator.

The Court is scheduled to hold the first creditors' meeting at the Second Court of the People's Court of Feidong County, Anhui Province at 15:00 on December 15, 2026. The specific way to attend the creditors' meeting shall be notified separately by the administrator before the meeting is held. Creditors who declare their claims in accordance with the law shall have the right to participate in the creditors' meeting. If the creditors participating in the meeting are legal persons or other organizations, they shall submit business licenses, identity certificates of legal representatives or persons in charge. If the creditors participating in the meeting are natural persons, they shall submit personal identity certificates. If an agent is entrusted to attend the meeting, the special power of attorney, the identity certificate of the entrusted agent or the lawyer's practice certificate shall be submitted; if the entrusted agent is a lawyer, the letter of appointment of his law firm shall also be submitted.

Hereby announce. People's Court

of Feidong County

, Anhui Province, October 29