Glory's internal response to the IPO issue: The listing has not been terminated, and channels for employees to reduce their holdings will be opened.

On May 22nd, it was learned that Honor has decided to allow employees to reduce their holdings and exit the company after one year of the stock reform without listing agreement. Employees who choose to exit will receive bonus compensation, and the formal exit plan will be completed within three months. On the same day, Honor held a staff meeting at 16:00, and participants were not allowed to bring their phones into the meeting. During the meeting that lasted nearly 2.5 hours, senior executives of Honor responded to recent questions about the termination of the external IPO, clarifying that the IPO of Honor has not been terminated, but did not mention a new listing time. Earlier, there was news on the internal employee forum of Honor that the IPO of Honor was confirmed to be terminated, and the subsequent guiding securities firm, Citic Securities, issued a notice. When asked about this news, Honor responded with a serious denial of the statement that the listing had been terminated.