Feinan Resources announced that on April 24 and May 18, 2026, the company passed the bill to absorb and merge its wholly-owned subsidiary Sihui Shengnan on April 24 and May 18, 2026, respectively. Recently, the company obtained the “Notice of Merger and Separation Registration” issued by the Zhaoqing Municipal Administration of Market Supervision, and the industrial and commercial procedures related to the merger have been completed. After the merger and absorption, all assets, debts, etc. of Sihui Shengnan were inherited by the company in accordance with the law. This absorption and merger is conducive to optimizing the management structure, reducing costs and increasing efficiency, and has no real impact on the company's operations and finances.

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