Cross-Border Pass: The wholly-owned subsidiary of the company, Shenzhen Safu Commercial Co., Ltd., has been ruled by the People's Court of Qianhai Cooperation Zone, Shenzhen, Guangdong Province, to accept bankruptcy liquidation.

Cross-border announcement, the company has recognized an estimated liability of 334 million yuan in previous years. Other lawsuits and arbitration cases may affect the company's profit by approximately 80 million yuan in 2025 and approximately 5 million yuan after that year.