Lotus Holdings: Termination of high performance computing service contract with Shanghai X state-owned enterprise and server leasing contract with Company CIX.

Lotus Holdings Announcement: The high-performance computing service contract signed between Zhejiang Lotus Purple Star Intelligent Computing Technology Co., Ltd., a subsidiary of the company, and Shanghai X State-Owned Enterprise has been terminated due to changes in objective circumstances, with a compensation of 2 million RMB paid. At the same time, the lease contract between Lotus Purple Star and Company C has also been terminated due to the inability of Company C to determine the delivery plan. The termination of the above contracts will not affect the company's business independence, and will not have a significant adverse impact on the company's operations and financial condition.