Yuanwang Technology announced that the 16th meeting of the sixth board of directors of the company reviewed and passed the bill, agreed to cancel the wholly-owned subsidiary Haipu Shoes Co., Ltd., and authorized management to go through the relevant cancellation procedures in accordance with the law. The matter does not need to be submitted to the shareholders' meeting for consideration, and does not constitute a related transaction or major asset restructuring. Tianjin Haipu has a registered capital of 121 million yuan. It has not carried out actual business in recent years. The net loss from January to June 2026 was 277 million yuan, and the net assets were 202 million yuan as of June 30, 2026. The scope of the consolidated statement will change accordingly after the cancellation is completed, and there will be no substantial impact on the company's financial position and operating results.

Yuanwang Technology announced that the 16th meeting of the sixth board of directors of the company reviewed and passed the bill, agreed to cancel the wholly-owned subsidiary Haipu Shoes Co., Ltd., and authorized management to go through the relevant cancellation procedures in accordance with the law. The matter does not need to be submitted to the shareholders' meeting for consideration, and does not constitute a related transaction or major asset restructuring. Tianjin Haipu has a registered capital of 121 million yuan. It has not carried out actual business in recent years. The net loss from January to June 2026 was 277 million yuan, and the net assets were 202 million yuan as of June 30, 2026. The scope of the consolidated statement will change accordingly after the cancellation is completed, and there will be no substantial impact on the company's financial position and operating results.