According to the termination agreement, all rights, obligations and responsibilities of the contracting party will be terminated and concluded, and neither party may make any claims against the other party regarding the placement, except for those who have previously violated any obligations under the placement agreement (revised and supplemented by the first supplementary agreement and the second supplementary agreement).

According to the announcement from Jimu Group (08187), the termination agreement was made with the placement agent due to market conditions on July 10, 2024. The termination agreement ends the placement agreement (revised and supplemented by the first supplementary agreement and the second supplementary agreement), and all rights, obligations, and responsibilities of the contracting parties will be terminated and concluded. However, any party who previously violated any obligations under the placement agreement (revised or supplemented by the first supplementary agreement and the second supplementary agreement) is excluded from this.

The Board of Directors believes that the termination will not have any significant adverse impact on the Group's existing business, operations and financial condition. Considering the Group's future development and market conditions, the company may consider further fundraising activities. The company will notify the market in a timely manner in accordance with the GEM Listing Rules by way of announcement.