SHENGHUI CLEAN (02521) announced that on January 16, 2026, the company's major shareholder, Sunrise Clean Investment Holdings Limited (the seller), which is wholly-owned by Executive Director Mr. Chen Liming, entered into a conditional sale and purchase agreement with Huali (Asia) Industrial Co., Ltd. (the buyer) for the sale of a total of approximately 370 million ordinary shares in the company, representing 19% of the issued shares as of the date of this announcement. The buyer is wholly-owned by Dongguan Huali Industries Co.,Ltd. (603038.SH). Upon completion of the proposed sale, and assuming no change in the total number of issued shares between the date of this announcement and the completion date, (a) the seller will continue to hold approximately 122.8 million shares, representing approximately 6.3% of the issued shares as of the date of this announcement, and will cease to be a major shareholder of the company; and (b) the buyer will hold an interest in approximately 370 million shares, representing approximately 19% of the issued shares as of the date of this announcement, and will become a major shareholder of the company.