Kairun Stock: Subsidiary indirectly invests in DeepSeek, with a penetration holding ratio of 0.0114%.

Kairun Corporation announced on July 17 that the closing price of the company's stock on July 15, July 16, and July 17, 2026, had a cumulative deviation exceeding 30%. According to the relevant provisions of the Shenzhen Stock Exchange Trading Rules, this constitutes abnormal fluctuations in stock trading. After verification, there have been no significant changes in the company's recent production and operation situation or its internal and external operating environment. The company's production and operation are normal. On July 16, 2026, the company disclosed progress on a joint investment with a professional investment institution by its wholly-owned subsidiary, Ningbo Purun Investment Partnership Enterprise. The subsidiary indirectly invested 40 million yuan in Hangzhou In-depth Search Artificial Intelligence Basic Technology Research Co., Ltd through Tianjin Lisi Xingling Entrepreneurship Investment Partnership Enterprise, with a holding proportion of 0.0114%. This investment is only for financial purposes and does not have a significant impact on the company's overall performance. It will not affect the company's existing business or asset security, and the company has not provided any guarantees or liquidity support arrangements for this investment.