Karbe Holding Shareholders Received Administrative Penalty Decision Letter

Kabet Billionaire announced in the evening that New Xie Industry, the controlling shareholder of the company, received an "Administrative Penalty Decision" issued by the Ningbo Securities Regulatory Bureau on May 16. It was found that New Xie Industry had the following illegal facts: New Xie Industry is a shareholder holding more than 5% of Kabet Billionaire's shares. From September 25, 2024 to October 15, 2024, New Xie Industry traded "Kabet Convert 02" through the "New Xie Industry" securities account in block trading and centralized bidding, with the situation of buying within six months after selling, and selling within six months after buying.