Paradigm Intelligence: the core main business is operation of group business with computing power as the core.

Paradigm Intelligence issues an announcement, the board of directors has noticed that the company's stock price has experienced a significant decline recently. It has come to the board's attention that there are rumors in the market suggesting that rapid iterations of AI large models will potentially replace the existing business models in the software industry, causing concerns about the future prospects of the software industry and the group. The board of directors hereby clarifies the above rumors as follows: In recent years, the development of AI large models has been accelerating, leading to a rapid growth in demand for computing power and related services. The main business of the group benefits from this trend. As disclosed in the announcement of November 12, 2025, as of the end of 30 September 2025, 83.9% of the group's revenue comes from computing power-related income, with computing power usage as the main pricing basis; only 16.1% of the revenue comes from software services. As disclosed in the announcement, the group's revenue grew by 36.8% year-on-year from January to September 2025, and the group achieved a profit for the first time in the third quarter of 2025. The good operating performance mentioned above is a direct reflection of the group benefiting deeply from the rapid growth of the AI industry. The core business of the group is centered around computing power and serves various industry customers through AI technology, driving customers towards intelligent upgrades and comprehensive digital transformation through AI empowerment. The rapid iterations of AI large models have significantly increased the market demand for computing power, providing a very broad space for the further development of the group's business. After conducting all reasonable inquiries, the board of directors confirms that the group's business operations are normal, and as of the date of this announcement, the company is not aware of any undisclosed insider information that should be disclosed.