Shunhao shares: Currently, the company is only participating in Orbit Chengguang as an investor and will not have a direct impact on the company.

Announcement on the abnormal fluctuations in the trading of Shunhao Group's stocks: The company has noted recent public media reports about its affiliated company, Beijing Rail Chengguang Technology Co., Ltd., completing a new round of equity and debt financing. The company solemnly reminds investors: Debt financing is a routine business operation of the affiliated company Rail Chengguang, and this financing is only a preliminary credit intention. The final credit approval and financing implementation may have a long period and significant uncertainty. The company currently only holds shares in Rail Chengguang as an investor, and the above-mentioned matter will not have a direct impact on the company.