According to the Cross-border Connect announcement, the bankruptcy and liquidation case of Shenzhen Saffu Commercial Co., Ltd., a wholly-owned subsidiary of the company, has already been decided by the People's Court of the Qianhai Cooperation Zone in Shenzhen, Guangdong Province to end the bankruptcy procedure. The bankruptcy property has been distributed, and the company will be deregistered later. Saffron has previously been taken over by a court-appointed manager. The company lost control and is no longer included in the scope of the consolidated statement. The current bankruptcy liquidation had no impact on the company's subsequent operations, and the final amount of impact must be based on the accountant's audit results.

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