According to Pan Asia Environmental Protection's announcement, the company previously disclosed that it had acquired 51% of the shares of Xilailu Brand Management Co., Ltd., and the buyer subsequently sold 51% of the target company's shares. As of June 30, 2026, the company had not obtained management control of the target company, and the target company's financial results would not be comprehensively included in the group's financial statements. The proposed change of company name will not proceed, nor will the relevant special shareholders' meeting be held.

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