Ka Rong Technology: The audit, evaluation, and due diligence related to the equity purchase transaction have not been completed yet.

Jiarong Technology announced abnormal changes in its trading, with the closing prices of the company's stock on December 1 and December 2, 2025 showing a cumulative increase of more than 30% over the two consecutive trading days, which falls under the category of abnormal stock price fluctuations according to relevant regulations of the Shenzhen Stock Exchange. The company plans to purchase 100% of the shares of Hangzhou Lanran Technology Co., Ltd. held by Xiamen Puyu Investment Partnership Enterprise, Lou Yongtong, Qing Bo, Chai Zhiguo, Deng Detao, Hangzhou Lanying Investment Management Partnership Enterprise, Hangzhou Lanhe Enterprise Management Partnership Enterprise, and others totaling 19 trading parties through the issuance of shares and cash payment, and to raise supporting funds not exceeding 100 million yuan by issuing shares to Xiamen Puyu. Since the company started planning the aforementioned restructuring, the company and all relevant parties have been actively advancing various aspects of this transaction. Auditing, evaluation, due diligence, and other related matters of this transaction have not been completed yet. After the completion of these tasks, the company will convene another board meeting to review the formal proposal of this transaction, disclose the restructuring report, and comply with relevant laws and regulations for subsequent approval and information disclosure procedures.