Joyoung Co., Ltd.: The company has no strategic cooperation with Huawei.

Joyoung Co., Ltd. announced that the cumulative deviation of the closing price increase of the company's shares over two consecutive trading days on September 28 and September 29, 2026 reached 23.65%. In response to hot concepts of market concern, the company stated that it holds a 7.92% equity interest in Deep Thinking and does not have the strategic cooperative relationship with Huawei as rumored; its robot-related investment is at an early stage and has no material impact on current operating revenue and profit. The company's recent operations are normal. In the first half of 2026, operating revenue was 3.489 billion yuan, down 12.49% year on year; net profit attributable to shareholders of the listed company was 71.7732 million yuan, down 41.52% year on year.