Zhe Li Holdings clarifies: There has been no official discussion with any investors regarding the sale of company management rights or investment in the company.

Zheli Holdings issued a clarification announcement on the Hong Kong Stock Exchange, stating that the company has noticed several media reports claiming that the company is in discussions with financial investors regarding the potential sale of its management rights. The company hereby clarifies that, although the company may from time to time receive approaches from potential investors expressing their interest in exploring potential cooperation and/or investment opportunities with the company and/or its subsidiaries, as of the date of this announcement, the company has not engaged in any formal discussions with any investors regarding the sale of its management rights or investment in the company, and the board of directors has not received any specific offers or proposals concerning the sale of the company's management rights or investment in the company.