Joy Smart Travel: One of the actual controllers of the company, Luo Yinhao, was sentenced to three years and three months in prison for manipulating the securities market.

Joyous Intelligent announced that one of the actual controllers of the company, Luo Yinhao, was convicted of market manipulation and sentenced to three years and three months in prison by the Qingdao Intermediate People's Court in Shandong Province. He was also fined 1 million RMB. Luo Yinhao resigned from his position as a director and executive of the company on September 9, 2022. This lawsuit is a personal matter for the shareholder and will not affect the company's daily production and operation, as well as its current or future profits.