Shanghai New World issued an abnormal announcement, the company noticed that the recent IP economy (Valley Economy) concept has received high market attention. The company's current main business is in the retail trade sector. The pan-second-dimensional format accounts for a very small proportion in the company's overall business sector. According to the company's preliminary estimates, from January to October 2024, the revenue of the pan-second-dimensional format accounted for less than 2% of the company's total revenue, with limited impact on the company's overall performance. Investors are advised to invest cautiously. Through self-inspection, the company's current production and operation activities are normal, and there have been no significant changes in daily operations. The market environment and industry policies have not undergone major adjustments. The internal production and operation order is normal, and relevant orders and contracts are being fulfilled normally. There are no significant matters that the company should disclose but has not disclosed.