Shanghai 900: The controlling shareholder of the company has not bought or sold company stock to the company's directors or senior management.

Shanghai Nine Hundred Announcement: The company's stock has experienced abnormal fluctuations in trading for three consecutive trading days on December 17th, 18th, and 19th, 2025, with the cumulative deviation of the closing price exceeding 20%, which is classified as abnormal stock trading volatility. The company has conducted a self-examination and sent a letter to the controlling shareholder Shanghai Nine Hundred Limited to verify. As of the date of this announcement, the company, controlling shareholder, and actual controller do not have any undisclosed significant information related to the company. Upon verification by the company, during the period of abnormal trading fluctuations in the company's stock, there was no buying or selling of the company's stock by the controlling shareholder, directors, or senior management of the company.