Shanghai Wumao: The subsidiary's data product developed is currently in a "temporary ineffective" state, which has not affected the company's operating performance.

Shanghai Materials Trading Announcement: The company has recently noticed that concepts such as "RDA," "digital currency," and "stable coin" have received high levels of attention in the market. Upon self-inspection, the company's wholly-owned subsidiary, Shanghai Nonferrous Metals Trading Center Co., Ltd., developed a data product called "Nonferrous Metal Spot Index Inquiry," which was registered and listed on the Shanghai Data Exchange in January 2024. Since its listing, this product has not yet been traded. According to the regulations of the Shanghai Data Exchange, the product is currently in a "temporary inactive" state and has not affected the company's business performance. We kindly remind investors to pay attention to the risks of secondary market trading, make rational decisions, and invest cautiously.