QIDIAN GUOFENG (01280) announced that on February 2, 2026, the company entered into a sale agreement with the buyer, Noble Trade International Holdings Limited, whereby the buyer conditionally agreed to purchase, and the company conditionally agreed to sell, the sale shares for zero consideration. Following completion, the Group will no longer hold any interest in Zhonghua Yinrui (Hong Kong) Investment Holdings Limited (the Target Company, a direct wholly-owned subsidiary of the company), and the financial performance, assets, and liabilities of the Target Company will cease to be consolidated into the Group's consolidated financial statements. Reference is made to the company's 2024 results announcement dated March 28, 2025, the supplementary announcement dated April 23, 2025, and the subsequent update announcements dated May 21, 2025, and June 4, 2025, concerning, among other matters, the legal proceedings and subsequent developments related to the 65% equity interest in Anhui Sihai. The company believes the disposal is beneficial for the Group to minimize the impact arising from the aforementioned litigation. The Group remains committed to improving its business and financial performance, including reallocating capital to other areas with promising growth prospects, as demonstrated by this transaction. On this basis, the Group regularly assesses its assets and businesses and will consider divestments when suitable offers arise. As of December 31, 2025, the unaudited net liability position of the Target Group was approximately RMB 1.54 billion, indicating a state of severe insolvency. To completely divest this non-performing asset, optimize the Group's asset structure, and prevent its continued losses from further burdening the Group, the Board has approved the waiver of intra-group debts owed by the Target Group to the company, totaling RMB 1.5 billion. The disposal will optimize the company's asset structure, mitigate risks associated with the relevant legal proceedings, and reallocate resources to support the Group's overall strategic development.