Zhitong Finance App News, Sun Yaolai (00970) issued an announcement. The board of directors of the company took note of several recent media reports and market rumors regarding the company's shareholding in the Danish audio products company Bang & Olufsen A/S (B&O).

As of the date of this announcement, the Group held approximately 11.54% of the issued shares of B&O. The Board of Directors wishes to clarify that according to the current situation and the Board's current assessment of the Group's investment in B&O, the Group currently has no plans to sell its shares in B&O.

The above only reflects the Group's current intentions as of the date of this announcement, and should not be construed as a commitment by the Group to maintain any specific level of shareholding in B&O for any specific period. The Board will continue to re-evaluate the Group's investment in B&O from time to time in response to market conditions, the Group's investment goals and strategies, and other relevant factors. Accordingly, nothing contained in this announcement constitutes a legally binding commitment, guarantee or guarantee by the Group regarding its future holdings in B&O. The Group's current stance may change in response to future circumstances.

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