Shanshan Co., Ltd. announced that the company plans to issue A-shares to specific targets. The distribution target is Hailuo Group, the indirect controlling shareholder. The board of directors of the company has reviewed and passed a bill requesting the shareholders' meeting to approve Hailuo Group's exemption from issuing an offer; Hailuo Group promised not to transfer shares within 3 years from the end of the issuance, and the relevant bill still needs to be reviewed by the shareholders' meeting.

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