Tapai Group announced that its shareholders EMERGING ASIA EQUITY FUND, APG ASIA EX JAPAN FUND, FIDELITY EXJAP, HERMES CHINA EQUITY FUND, WOO HAY TONG ASIA EX JAPAN FUND and their manager HERMES Investment Management Limited received China Securities on December 12, 2025 A warning letter issued by the Guangdong Regulatory Bureau of the Regulatory Commission and a supervisory letter issued by the Shenzhen Stock Exchange. The disclosure of APG ASIA EX JAPAN FUND and other information disclosure obligors in the simplified equity change report submitted by the company on October 28, 2025 is inconsistent with the facts and in violation of relevant regulations.

Tapai Group announced that its shareholders EMERGING ASIA EQUITY FUND, APG ASIA EX JAPAN FUND, FIDELITY EXJAP, HERMES CHINA EQUITY FUND, WOO HAY TONG ASIA EX JAPAN FUND and their manager HERMES Investment Management Limited received China Securities on December 12, 2025 A warning letter issued by the Guangdong Regulatory Bureau of the Regulatory Commission and a supervisory letter issued by the Shenzhen Stock Exchange. The disclosure of APG ASIA EX JAPAN FUND and other information disclosure obligors in the simplified equity change report submitted by the company on October 28, 2025 is inconsistent with the facts and in violation of relevant regulations.