According to the announcement of Xiangcai Securities, the subsidiary, Xiangcai Securities, received a “Notice of Case Filing” from the China Securities Regulatory Commission on July 31, 2026, and was filed by the China Securities Regulatory Commission for allegedly violating the provisions of the “Administrative Measures on Securities Brokerage Business” relating to the real-name account system, etc. Xiangcai Securities will actively cooperate with related work, and the company will fulfill its information disclosure obligations as required. Currently, the company and its subsidiaries are operating normally.

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