Northeast Securities: The largest shareholder's initiation of pre-reorganization may affect the equity structure.

Northeast Securities announced that on July 28, 2026, the companys largest shareholder, Yatai Group, received a court "Decision" and was placed under pre-reorganization with a temporary manager appointed. As of the announcement date, Yatai Group holds 30.81% of the company's shares, with a total of 49.25% pledged. The initiation of pre-reorganization or subsequent reorganization application by Yatai Group may impact the company's equity structure, but it will not have a significant adverse effect on the company's daily operations. Currently, the company is operating normally and steadily, and all risk control indicators meet regulatory requirements.