Industrial and commercial change registration is completed! Conch Group became the indirect controlling shareholder of Shanshan shares.

10, Shanshan announced that Wanwei Group had completed the registration of industrial and commercial changes in the capital increase of Conch Group and the free transfer of shares of Anhui Investment Group and Anhui State-controlled Group. Conch Group became the indirect controlling shareholder of the company, and the actual controller of the company was still Anhui SASAC.

Shanshan shares said that Conch Group became the indirect controlling shareholder of the company, which did not have a substantial impact on the company's daily production and operation, and did not harm the interests of the company and investors, especially small and medium-sized shareholders. The company will continue to cultivate the core business, consolidate the core competitive barriers, and continue to create long-term value for all shareholders.