Shindaisho Property Group Co., Ltd. Announcement on Receipt of the "Decision Not to Conduct Further Review of the Concentration of Business Operators" from the State Administration for Market Regulation

MaticHoleFiller · 2026-04-03T15:25:03+00:00

Shindaisho Property Group has received a decision from the State Administration for Market Regulation not to conduct further antitrust review, allowing it to acquire shares of Jiaxin Liheng Facility Management (Shanghai) Co., Ltd. The transaction still requires approval from the Shenzhen Stock Exchange and regulatory authorities, with the specific timeline remaining uncertain. The company will disclose updates in a timely manner as required.

MaticHoleFiller

2026-04-03 15:25:03

Abstract generation in progress

Security code: 002968 Stock abbreviation: Newland Zheng Announcement No.: 2026-013

Newland Zheng Property Group Co., Ltd.

Announcement on the Receipt of the State Administration for Market Regulation’s “Decision on Not Conducting Further Anti-Monopoly Review of a Concentration of Undertakings”

This company and all members of its board of directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or major omissions.

Newland Zheng Property Group Co., Ltd. (hereinafter referred to as the “Company”) has recently received the State Administration for Market Regulation’s “Decision on Not Conducting Further Anti-Monopoly Review of a Concentration of Undertakings” (Anti-exec Phase II Review Decision [2026] 177). The specific contents are as follows:

“Pursuant to Article 30 of the Anti-Monopoly Law of the People’s Republic of China, after a preliminary review, it is hereby decided that, for the case of Newland Zheng Property Group Co., Ltd.’s acquisition of equity in Jiaxin Liheng Facilities Management (Shanghai) Co., Ltd., no further review will be conducted. You may implement the concentration starting from now. The case involves other matters besides the anti-monopoly review of the concentration of undertakings, which shall be handled in accordance with relevant laws.”

This transaction still needs to be approved by the Shenzhen Stock Exchange and obtain a reply approving registration from the China Securities Regulatory Commission. Whether it can pass the above review or obtain the registration approval reply, as well as the timing for obtaining a series of approvals, remains uncertain. The Company will, based on the progress of this transaction, strictly comply with the requirements under relevant laws and regulations and timely fulfill its information disclosure obligations. We kindly ask广大投资者 to promptly pay attention to the Company’s subsequent announcements and be mindful of investment risks.

This announcement is hereby issued.

Newland Zheng Property Group Co., Ltd.

Board of Directors

March 30, 2026

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