Gelonghui, Feb. 29 | Hongtao Co., Ltd.: The cumulative deviation value of the company's stock trading price increase exceeded 20% for 2 consecutive trading days (February 28, 2024, February 29, 2024). According to relevant regulations, this is a situation where stock trading fluctuates abnormally. On January 30, 2024, the company disclosed the “Indicative Notice Concerning Applications for Reorganization and Pre-Reorganization by Creditors” (Notice No.: 2024-004). As of the disclosure date of this announcement, the company has not received the court's acceptance documents for the applicant's application for company restructuring and pre-restructuring. There is still uncertainty about whether the applicant's application for restructuring and pre-restructuring will be accepted by the court and the exact timing.