Transverse Holding: Mr. Wang Chen, the vice general manager, has applied to resign from the position of vice general manager of the company due to the overall work arrangement of the company.

Announcement of Zongheng Stock: Mr. Wang Chen, the Vice General Manager of the company, has applied to resign from his position due to the overall work arrangement of the company. His resignation will take effect from the date of submission to the board of directors. After resigning from the position of Vice General Manager, Mr. Wang Chen will continue to serve as a director of the company and in other internal positions. His resignation from the position of Vice General Manager will not affect the normal operation of relevant work in the company. Mr. Wang Chen holds 10.26 million shares of the company, accounting for 11.72% of the total share capital.