Red Tower Securities: The restrictive order against the company and its legal representative Shen Chunhui has been lifted.

Redtower Securities announced that recently, the company noticed media reports titled "This listed securities firm and its CEO are restricted on high!" and others. The company now clarifies the situation. After verification, the Beijing Financial Court's case number 74Zhi1145 filed on July 1, 2025, mentioned in the report, is related to an arbitration case between the company and Shanghai Tongxiao Investment Development Center. According to the arbitration result, the payment obligation confirmed in the ruling document of this case is the Redtower Securities Hongxin 2 Single Asset Management Plan, not Redtower Securities. Redtower Securities, as an independent legal entity, does not have any payment obligation to the Tongxiao Changce 1 Private Equity Securities Fund. This arbitration and execution result do not have any impact on the company's profits and overall operations. Currently, the consumption restrictions on the company and its legal representative Shen Chunhui have been revoked, and the company's operations, as well as the work and travel of its legal representative Shen Chunhui, are all normal.