Hangzhou Electronic Soul Network Technology announcement, the company's actual controllers Hu Jianping, Chen Fang, and Hu Yubiao signed the "Joint Action Agreement" on October 26, 2019, forming a concerted action relationship. The concerted action period lasts until October 26, 2024. Now that the agreement has expired and will not be renewed, the concerted action relationship among Hu Jianping, Chen Fang, and Hu Yubiao will terminate on October 26, 2024. Hu Jianping and Chen Fang signed a new "Joint Action Agreement" on November 5, 2024. Hu Jianping and Chen Fang are husband and wife, forming a concerted action relationship. After this equity change, Hu Jianping and Chen Fang collectively hold 49.7356 million shares of the company, accounting for 20.32% of the total share capital, making them the joint actual controllers of the company. This equity change does not involve changes in the number of shares and will not lead to changes in the company's main business structure or have any adverse effects on the company's daily operations.