Saturday responded to the abnormal movement of stock prices: unaware of the reasons, business operations are normal and stable.

On the evening of December 23rd, Saturday, Chow Tai Fook announced on the Hong Kong Stock Exchange that the Board of Directors noted the recent unusual fluctuations in the company's H-share price. After conducting reasonable inquiries, the Board of Directors confirmed that as of the date of this announcement, they were not aware of any reasons causing the fluctuation in the share price, or any material information that needed to be disclosed to avoid false market for the company's securities, or any insider information required to be disclosed under Part XIV of the Securities and Futures Ordinance (Chapter 571 of the laws of Hong Kong). As of the date of this announcement, the Board of Directors confirmed that the group's business operations are normal and stable, the core business is progressing smoothly, and there are no significant issues that require disclosure that have caught the attention of the Board of Directors and the company's management.