Shengxing Co., Ltd. announced that the company held a board meeting on August 14, 2026 to review and pass the bill to absorb and merge Wenzhou Bode Technology Co., Ltd., a wholly-owned subsidiary of Shengxing Intelligent Technology Co., Ltd. After the absorption and merger was completed, Shengxing Intelligent Technology continued to exist. Bode Technology was cancelled in accordance with the law, and all of its assets and liabilities were taken over by the former. This absorption and merger is within the decision-making authority of the board of directors and does not constitute a related transaction or major asset restructuring. It is conducive to reducing management and operation costs, and will not adversely affect the company's finances and operations.

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