Tianbao Infrastructure: The closure of the Tianjin Lingang Comprehensive Bonded Zone has no impact on the company's operations.

Tianbao Infrastructure stated on the interactive platform on April 10 that currently Tianjin Port Free Trade Zone has formed a spatial layout of "three areas and two ports": managing the airport, near the port, and the seaport in three areas, and owning the port resources of Tianjin Port and Binhai Airport's seaport and airport. The company is located in the airport economic zone of Tianjin Port Free Trade Zone, which is not in the same region as Tianjin Near Port Comprehensive Bonded Zone. Therefore, the closure of Tianjin Near Port Comprehensive Bonded Zone has no impact on the company's operations.