Modern Avenue Group announced that, as of the disclosure date of this announcement, there has been no substantial progress in the company's recovery of the 0.242 billion yuan funds occupied by the former controlling shareholder Ruifeng Group. It is expected that it will be difficult to complete the rectification before the deadline expires, recover all the occupied funds, and the company's stocks may be suspended from trading by the Shenzhen Stock Exchange starting from November 11. The suspension period will not exceed two months. If the rectification is still not completed within two months after the suspension, the Shenzhen Stock Exchange will implement a delisting risk warning for the company's stock trading. If the rectification is still not completed within the following two months, the Shenzhen Stock Exchange will decide to terminate the listing of the company's stocks.