According to the STIC announcement, based on considerations such as prudent management of investment risks and optimization of resource allocation, it was decided to terminate this joint investment matter after agreement with all partners at the Shanghai Dasixin Enterprise Management Center, and work related to the liquidation and cancellation of the partnership will be initiated in the future. There is no dispute between the parties. This termination of the joint investment constitutes a related transaction, does not constitute a major asset restructuring, and does not require approval from the relevant departments. The board of directors authorized the company's management to handle matters relating to the termination of investment. The authorization was valid until the date Dasixin's liquidation and cancellation was completed. Related directors Jin Chuang and Yang Bi have already avoided voting.

According to the STIC announcement, based on considerations such as prudent management of investment risks and optimization of resource allocation, it was decided to terminate this joint investment matter after agreement with all partners at the Shanghai Dasixin Enterprise Management Center, and work related to the liquidation and cancellation of the partnership will be initiated in the future. There is no dispute between the parties. This termination of the joint investment constitutes a related transaction, does not constitute a major asset restructuring, and does not require approval from the relevant departments. The board of directors authorized the company's management to handle matters relating to the termination of investment. The authorization was valid until the date Dasixin's liquidation and cancellation was completed. Related directors Jin Chuang and Yang Bi have already avoided voting.