Zhitong Finance App News, Times Digital (00451) issued an announcement. According to these agreements, the completion of the second batch of shares subscribed under these agreements is subject to the completion of the relevant prerequisites applicable to the second batch before implementation. Since some of the prerequisites for the second instalment have not been met, the second batch of deliveries will not take place.

For the avoidance of doubt, as disclosed in the supplementary announcement, the batches were completed independently of each other, and there was no mutual conditional relationship. Furthermore, each contracting party's obligations under the second instalment will cease, and even if the conditions for subsequent instalments have been met, each contracting party will not be required to perform its obligations under the second instalment.

The Company believes that failure to complete the second batch of transactions will not have any significant adverse impact on the Group's current business, operation and financial situation, or the strategic cooperation between the two parties.

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