Shengli Co., Ltd. announced that the company plans to issue shares and pay cash to purchase shares in companies such as CNPC and raise supporting capital. On June 15, we received an “Audit Inquiry Letter” from the Shenzhen Stock Exchange, requesting a response within 30 days. Due to the large number of subjects involved in the restructuring, some matters require further implementation, and it is expected that responses will not be completed on time. The company has applied for an extension from the Shenzhen Stock Exchange. The extension will not exceed 30 days. It will disclose and submit a response document before the expiration of the period. The deal still needs to be reviewed and registered, and it is uncertain whether it will be approved or when.

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