Guangdong Champion announced that from June 27, 2024 to October 9, 2024, the company and its consolidated subsidiaries received a total of RMB 6.9864 million in government subsidies related to income, accounting for 10.19% of the net income attributable to the shareholders of the listed company audited in 2023. According to the relevant provisions of Enterprise Accounting Standard No. 16 - Government Subsidies, the above government subsidy funds are all income-related government subsidies, all included in other income, and are expected to have a certain impact on the company's profit for 2024.