Wanwei Group is the owner of Shanshan Stock! Zhu Shengli, General Manager of Conch Group, Joined the Board of Directors of Shanshan

20, Shanshan announced that the company held an interim shareholders'meeting on the same day to consider and adopt the proposal for the election of the board of directors.

The largest shareholder, Wanwei Group, has completed the reorganization of the board of directors, the controlling shareholder of the company has been changed to Wanwei Group, and the actual controller has been changed to Anhui SASAC. Wanwei Group controls 21.88% of the voting rights of the company. After the reorganization of Wanwei Group and Conch Group, Conch Group will become the indirect controlling shareholder of the company. During

the election, Zhu Shengli, Tao Yong, Liu Bangzhu, Qin Jianhui, Zhuang Wei, Li Fengfeng and Zhu Zhiyong were elected as non-independent directors of the twelfth session of the Board of Directors of the Company, and

Zhou Xiangyang, Li Xifeng, Chen Aihua and Zhao Yongqing were elected as independent directors of the twelfth session of the Board of Directors of the Company.

In addition, on the evening of July 12, Shanshan issued a semi-annual performance pre-increase announcement for 2026. The company expects to achieve a net return of 750 million yuan to 900 million yuan in the first half of the year, an increase of 262% -334% over the same period last year.