Following a recommendation from the company's audit committee, and subject to the approval of relevant resolutions at an extraordinary general meeting to be convened, the Board of Directors has proposed: the removal of Grant Thornton (Hong Kong) CPA Limited from its position as the company's auditor; and, upon the effective date of the proposed removal, the appointment of Rongcheng (Hong Kong) CPA Limited as the company's new auditor to fill the interim vacancy created, with the term lasting until the conclusion of the company's next annual general meeting.