Zhido Co., Ltd.: The litigation issues involving two overseas subsidiaries are still in the judicial process. Lu Hongda has resigned as Chairman and Director of the company.

Zhido Co., Ltd. announced that the company has noticed reports on overseas subsidiaries being involved in lawsuits on online media, and now clarifies the following: Three overseas subsidiaries were sued in November 2025, and in February 2026, the court recognized the jurisdiction objection and dismissed the plaintiff's lawsuit. The plaintiff subsequently re-filed lawsuits against two of the companies, which are still in the judicial process. The lawsuits are unrelated to the company's production and operation, and the plaintiff did not request specific damages or meet the standards for interim disclosure. All of the company's operational activities are normal, and there are no significant undisclosed information. L Hongda has resigned as the chairman and director of the company. After verification, there are no significant undisclosed matters regarding his resignation. The company has held a board meeting to elect a new non-independent director, which still needs to be approved by the shareholders' meeting; once approved, the board will hold an election for a new chairman. According to the company's 2025 annual report, the company has no actual controller.