Shanxiang Cultural Tourism: The actual controller Yu Faxiang was taken criminal coercive measures on suspicion of committing a crime.

Shanxiang Cultural and Tourism announced that on December 22nd, 2025, the company received a notification from the family of the actual controlling shareholder, Yu Faxiang, stating that Yu Faxiang was under criminal coercive measures by the Shaoxing Public Security Bureau for suspected crimes, and the case is under investigation. As of the disclosure date of the announcement, the company has not received any notice of assistance in the investigation, and the controlling rights have not changed. Yu Faxiang is not serving in the company, and the company's board and senior personnel are performing their duties normally, and production and operation are normal. This matter will not have a significant impact on the company. The company will continue to monitor the progress and make timely disclosures.