Clarification on Intercompany Transactions and Legal Proceedings from Shandong Hiking International

Stock News06-10

Shandong Hiking International Co.,Ltd. (ASX: 600735) has issued a public announcement addressing recent media coverage. The company states that following an internal review, it is providing clarification on the key points raised in the reports.

The company confirms that Shandong Hiking Textile Co., Ltd. and Shanghai Lizhi Industrial Co., Ltd. are both subsidiaries consolidated within the company's financial statements. According to relevant regulations, including the Shanghai Stock Exchange Listing Rules, transactions conducted between these two subsidiaries do not require the procedures for reviewing connected transactions or the associated disclosure obligations.

Regarding matters related to the occupation of company funds and subsequent rectification, the company states that based on its own review and verification by its auditing firm, the specific details should be referenced in the company's previously disclosed announcements. Since the completion of the rectification for the fund occupation issue, the company's self-inspection indicates that, as of the date of this announcement, no new instances of fund occupation have occurred.

Concerning the performance compensation case involving Wang Liyang and Ke Yi, the company reports that the Laoshan District People's Court in Qingdao City held a court session on June 9, 2026. The specific facts of the case will be determined based on the subsequent court judgment and any related announcements issued by the company.

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