shanghai microport endovascular medtech(group)co.,ltd. announcement: The company recently received a "Tax Matters Notification" from the Pudong New Area Tax Bureau's Second Tax Office. Due to the company's failure to submit the annual development report for two consecutive years, the high-tech enterprise qualification was revoked. According to regulations, the tax authorities will retroactively collect the tax benefits enjoyed by the company from the year it no longer met the criteria, and request the payment of overdue fines. Based on the company's initial calculations, the total amount of additional taxes and fines to be paid is approximately RMB 60-70 million, with an expected impact on net income exceeding 10% of the audited net income for the company's most recent fiscal year. The company has submitted a written objection to the announcement of the cancellation of the high-tech enterprise qualification and is in continuous communication with the relevant departments. In the record process, the company is included in the second batch of the proposed list of high-tech enterprises to be recognized in Shanghai in 2024. The management will continue to strengthen the company's management, safeguarding the interests of the company and shareholders.