According to the announcement by haitong sec (06837) on the Zhitong Finance APP, the closing price of the company's A shares stocks deviated by a cumulative total of 20% on three consecutive trading days on October 16, 17, and 18, 2024, which falls under the abnormal fluctuation of stock trading as per the relevant provisions of Shanghai Stock Exchange Trading Rules.

Following the company's self-inspection and written confirmation to the company's largest shareholder, Shanghai Guosheng (Group) Co., Ltd. (hereinafter referred to as 'Guosheng Group'), as of the date of this announcement, no other significant information that should be disclosed but has not been disclosed has been confirmed, except for the ongoing transaction planned by Guotai Junan Securities Co., Ltd. ('Guotai Junan') to absorb and merge the company through stock exchange and raise supporting funds ('this transaction').