ZHONGMIAO-100 (01471) announced that its board of directors has noted the recent increase in the company's share price and trading volume. After making reasonable inquiries concerning the company under the relevant circumstances, the board confirmed that, aside from the information disclosed below, it is not aware of any reasons for such price or volume fluctuations, any information necessary to prevent a false market in the company's securities, or any inside information required to be disclosed under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of Hong Kong Law). The company has submitted an application to the China Securities Regulatory Commission (CSRC) to convert approximately 106 million non-tradable domestic shares into H-shares. Upon obtaining all necessary filings and/or approvals from the relevant regulatory bodies, including but not limited to the CSRC and The Stock Exchange of Hong Kong Limited, and in compliance with all applicable laws and regulations, these non-tradable shares will be converted into H-shares and become eligible for listing and trading on the Exchange.