Cyrus： The directors’ increase of 1,000 shares of the company during the window period violated relevant regulations.

On April 17, Cyrus announced that the company had been informed that Zhou Changling, the director of the company, had recently increased his holdings of the company’s shares by means of centralized bidding, which violated the relevant regulations that it was not allowed to buy or sell the company’s shares during the window period. After receiving the notice, the board of directors of the company immediately checked this matter. Mr. Zhou Changling bought 1,000 shares of the company on April 15th, 2024, and this increase was in the window of annual report, which violated the Rules for the Management of Shares of the Company Held by Directors, Supervisors and Senior Managers of Listed Companies and Their Changes.

In addition, Zhou Changling, the director, declared that there was no case of trading the company’s shares because of insider information, and there was no case of using insider information to seek benefits, and there was no subjective violation. I have deeply realized the seriousness of the above-mentioned illegal transactions, and I sincerely apologize to the company and investors for the adverse impact on the company and the market!