Yue Jiang: Mr. Song is not a founding shareholder or co-founder of the company. The company shares he indirectly holds come from an employee stock incentive plan.

On the morning of July 22, Yuejiang announced on the Hong Kong Stock Exchange that the company had noticed the ongoing spread of false statements regarding Mr. Song's ownership of the shares of Shenzhen Yuejiang Consulting Partnership Enterprise, a holding platform for the company's employees. This has attracted attention from various sectors of the market. Mr. Song is not a founding shareholder or co-founder of the company. Mr. Song indirectly holds company shares through the acquisition of Yuejiang partnership property shares, which come from the employee stock incentive plan. According to the employee stock incentive plan, after Mr. Song leaves the company, the actual controller of the company or a designated third party has the right to repurchase his incentive shares. The transfer of Yuejiang's partnership's holding of company shares and adjustment of internal property share ratios are legal and compliant.