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*ST Zhang Stock: The company's and subsidiaries' restructuring plan has been completed
*ST Zhang Stock Announcement, the restructuring plan of the company and its wholly owned subsidiary Zhangjiajie Dayong Ancient City Development Co., Ltd. has been completed. The restructuring investor has paid all restructuring investment funds by December 22, 2025. By December 26, 2025, the company’s 405 million shares transferred through the implementation of the “Restructuring Plan” have all been transferred, and the company’s total share capital has increased to 810 million shares. The completion of the restructuring plan is expected to have a positive impact on the company’s financial position for the year 2025.