CITIC Securities: Chief Financial Officer Xu Qingchun resigns due to job adjustment.

Industrial Securities announced that the company's Chief Financial Officer, Xu Qingchun, has submitted his resignation from the position of Chief Financial Officer due to a work adjustment and will now serve as a director and Chief Marketing Officer of the company. Xu Qingchun confirmed that he has no disagreements with the board of directors and there are no matters related to his resignation that need to be explained. The resignation will take effect upon being delivered to the board of directors and will not affect the normal operation of the company.