Cloud Horse: Apply for the issuance of stocks to a specific entity and obtain approval from the Shanghai Stock Exchange.

Announcement from Yunzhongma: On June 9, 2026, the company received the Shanghai Stock Exchange's opinion on the review of the issuance of shares to specific entities by Zhejiang Yunzhongma Co., Ltd., stating that the application meets the conditions for issuance, listing, and disclosure requirements. The Exchange will submit the application to the China Securities Regulatory Commission for registration upon receiving the necessary documents from the company. The issuance of shares to specific entities by the company is subject to approval from the China Securities Regulatory Commission before implementation, and the final decision on registration and timeline is uncertain.