Zhitong Finance App News, Shanghai-Hong Kong Joint (01001) issued an announcement. The board of directors of the Company was informed by Mr. Yao Zuhui (Mr. Yao), Chairman of the Board of Directors, Executive Director, CEO and controlling shareholder of the Company that he purchased a total of 6.3651 million shares (shares) of the Company through OTC transactions on October 23, 2026, at a total cost of approximately HK$2,546 million, equivalent to a purchase price of HK$0.40 per share (additional shares). Following the increase in shares, Mr. Yao held 291 million shares, accounting for about 45.71% of the total number of shares issued on the date of this announcement.

The board of directors believes that Mr. Yao's increased shareholding shows Mr. Yao's confidence in the company's prospects and growth potential.

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