An announcement has been issued regarding recent media coverage suggesting the withdrawal of a proposed A-share initial public offering application. The company wishes to inform its shareholders and potential investors that these reports are inaccurate, do not reflect the actual situation, and appear to involve malicious speculation. The proposed A-share issuance plan was reviewed and approved by shareholders at the 2025 annual general meeting held on June 22, 2026. According to information available on the official website of the China Securities Regulatory Commission, the preparatory work related to the proposed A-share issuance has been completed.