At the extraordinary shareholders' meeting held at Cha Baidao this afternoon, management revealed that the company attaches great importance to the concerns of the Hong Kong Securities Regulatory Commission and plans to establish an independent investigation committee composed of sole directors and third party agencies to check related matters. The relevant bill is scheduled to be reviewed by the board of directors in early November as soon as possible. The company said that the matter of freezing more than 4 billion dollars of funds reported online has nothing to do with the company. The company's funds have not been frozen. Currently, the company is operating normally. It will actively cooperate with related investigations in the future, and will promptly announce any significant developments. Small financial note: The Hong Kong Securities Regulatory Commission previously announced that it will investigate and punish a third-party gang suspected of manipulating Chabaidao's IPO placement and issued a restraining order on its account assets. The asset limit was HK$4.379 billion, while at the same time suspending Chabaidao's share transactions.

At the extraordinary shareholders' meeting held at Cha Baidao this afternoon, management revealed that the company attaches great importance to the concerns of the Hong Kong Securities Regulatory Commission and plans to establish an independent investigation committee composed of sole directors and third party agencies to check related matters. The relevant bill is scheduled to be reviewed by the board of directors in early November as soon as possible. The company said that the matter of freezing more than 4 billion dollars of funds reported online has nothing to do with the company. The company's funds have not been frozen. Currently, the company is operating normally. It will actively cooperate with related investigations in the future, and will promptly announce any significant developments. Small financial note: The Hong Kong Securities Regulatory Commission previously announced that it will investigate and punish a third-party gang suspected of manipulating Chabaidao's IPO placement and issued a restraining order on its account assets. The asset limit was HK$4.379 billion, while at the same time suspending Chabaidao's share transactions.