TAIHE M-FIN(01915): The court has appointed Jiangsu Juhe Xin Law Firm as the administrator of Baitai Group and Liantai Square.

TAIHE M-FIN (01915) announces the relevant matters regarding the bankruptcy liquidation application filed by the controlling shareholder, Baitai Group, and the major shareholder, Liantai Square. The Board of Directors of the company was informed on November 14, 2024 that on November 8, 2024, the People's Court of Hanjiang District, Yangzhou City, Jiangsu Province, has appointed Jiangsu Juhe Xin Law Firm as the administrator for Baitai Group and Liantai Square in accordance with the Enterprise Bankruptcy Law of the People's Republic of China and the provisions of the Supreme People's Court on the appointment of administrators for the trial of enterprise bankruptcy cases. The company is evaluating the potential impact on the group's business operations and financial condition. The company will continue to monitor the progress and make further announcements in accordance with the listing rules to inform the company's shareholders and potential investors.