China Risun Group Limited — M&A Activity 2025

Sep 5, 2025

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

China Risun Group Limited

中國旭陽集團有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1907)

TERMINATION OF FRAMEWORK AGREEMENT IN RELATION TO THE POTENTIAL DISPOSAL AND THE POTENTIAL CAPITAL INCREASE

References is made to the announcement of China Risun Group Limited (the "Company") dated March 12, 2025 (the "Announcement") in relation to the Potential Disposal and the Potential Capital Increase under the Framework Agreement entered into between Risun Group and Beijing SinoHytec. Unless otherwise stated, capitalized terms used herein shall bear the same meanings as defined in the Announcement.

The Board hereby announces that, as the parties have not been able to reach a consensus on the definitive plan for the Potential Disposal and the Potential Capital Increase, taking into consideration the safeguarding of the interests of the Company and its investors, Risun Group and Beijing SinoHytec have decided not to proceed with the Potential Disposal and the Potential Capital Increase. On September 5, 2025, Risun Group and Beijing SinoHytec entered into a termination agreement (the "Termination Agreement") whereby the parties have mutually agreed to terminate the Framework Agreement and to release and discharge each other from its respective obligations under the Framework Agreement with effect from the date of the Termination Agreement.

The Board considers that the termination of the Framework Agreement will not have any material adverse impact on the business operation and financial position of the Group.

The Group will continue identifying any potential strategic co-operation with Beijing SinoHytec and will make further announcement(s) in compliance with the Listing Rules as and when appropriate.

By order of the Board

China Risun Group Limited

Yang Xuegang

Chairman

Hong Kong, September 5, 2025

As at the date of this announcement, the executive Directors are Mr. Yang Xuegang, Ms. Lu Xiaomei, Mr. Li Qinghua, Mr. Han Qinliang, Mr. Wang Nianping and Mr. Yang Lu; and the independent non-executive Directors are Dr. Yu Kwok Kuen Harry, Mr. Wang Yinping and Dr. Liu Xiaofeng.

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