SHENGLI PIPE (01080) announced that the company has noticed internet articles regarding potential cooperation arrangements between the company and a certain financial platform. The article claimed that the company had met with the financial platform to discuss capital operation strategies, describing this as an important step for the financial platform to achieve capital and industrial synergy with leading enterprises in the real economy. The article also mentioned that the financial platform would provide comprehensive support to the company, focusing on strategic investment introduction, full industrial chain mergers and acquisitions, and the formulation and implementation of scientific and efficient market value management strategies, aimed at consolidating the company's industry-leading position and unlocking long-term investment value. The article further claimed that both parties would explore more cooperation opportunities in the future.

The company hereby clarifies that the content of the article does not align with the facts. In reality, representatives from the financial platform had visited Shandong Shengli Steel Pipe Co., Ltd. (Shandong Shengli), a wholly-owned subsidiary of the Group, for a site visit, and only toured one of the factories accompanied by an assistant manager from Shandong Shengli. Apart from the aforementioned, none of the other content described in the article was discussed during this visit.

As of the date of this announcement, the Group currently has no intention to reach any cooperation arrangements with the financial platform.