Zhitong Finance App News, Sipney (02583) announced that based on long-term firm optimism about the company's business growth potential, core competitiveness and industry development prospects, and in order to maintain the company's stock price stability and capital market confidence, and protect the legitimate rights and interests of all shareholders of the company, especially small and medium shareholders, Treasure Valley Investment, have made voluntary promises to the company not to reduce their holdings of any H shares held by them within a period of twelve (12) months from the date of this announcement.

The board of directors believes that the voluntary commitment not to reduce holdings reflects the long-term value of the controlling shareholders and that Treasure Valley Investments agree with the Group, as well as their commitment to the company's sustainable development, and conforms to the overall interests of the company and all shareholders.

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