JF SmartInvest Holdings Ltd (the “Company”) announced that on February 9, 2026, its subsidiary Shanghai Jiufangyun Intelligent Technology Co., Ltd. received a Decision on Administrative Supervisory Measures from the Shanghai Regulatory Bureau of the China Securities Regulatory Commission. The subsidiary was cited for misleading promotional content, providing false or inaccurate live-streaming information, and allowing certain unregistered employees to offer investment advice, among other violations.

According to the announcement, the subsidiary must carry out corrective actions and suspend acquiring new clients for three months from the date of the Decision. During this period, it is required to submit monthly written rectification reports, cease new client agreements, and avoid engaging in investment advisory business under any guise. Existing services and the Company’s broader business remain unaffected.

The Company reports that it maintains stable operations and anticipates that the impact of these measures on its revenue and current operations will be manageable. A comprehensive rectification plan has been formulated, including disciplinary action against relevant personnel, strengthening marketing and live-streaming content oversight, refining compliance systems, and enforcing strict qualification requirements for investment advisory staff.

The Company emphasizes acceptance of the regulatory decision and intends to continue improving internal controls. It underscores confidence in sustaining overall business stability while meeting regulatory requirements and ensuring the healthy development of its operations.