Shangshan Gold International Holdings Ltd. (1939) released additional information on December 4, 2025, regarding the controlling shareholder’s recent disposal of shares. According to the announcement, the disposal resulted from an on-market forced sale by a financier. The shares were placed in securities accounts for margin facilities purposes.

Mr. Huang, the controlling shareholder, stated that to the best of his knowledge, after making reasonable inquiry, there will be no further forced disposals of shares under his control. The company reminds shareholders and potential investors to exercise caution when trading its securities.