Red Phase announced that the company's stock price had deviated by more than 30% from the closing price on October 9, 2024, indicating abnormal fluctuations in stocks. The company is paying attention to and verifying the situation, and has not found any recent public media reports that may have had a significant impact on the trading price of the company's stocks due to undisclosed major information. The controlling shareholder and the actual controller of the company have no undisclosed major matters related to the company or major matters in the planning stage. The company will continue to strictly comply with the relevant laws and regulations, diligently fulfill its disclosure obligations.