Ningjin Shares: One of the actual controllers, Cao Peifeng, was sentenced to prison for insider trading.

Ningjin shares announced that one of the actual controllers, Cao Peifeng, received a criminal judgment from the Intermediate People's Court of Jinhua City, Zhejiang Province, for insider trading and leaking insider information. He was sentenced to three years in prison with a four-year suspension of sentence, and fined 1 million yuan. The illegal gains of 549,200 yuan from insider trading that he had already withdrawn were confiscated. This judgment only involves Cao Peifeng personally and is not related to the company's daily operations. It will not have any impact on the company's business or financial condition.