Hunan Development: Kaiyuan Development will undergo liquidation.

Announcement of Development in Hunan: The company-owned Kaiyuan Development Fund Management Co., Ltd. has completed the exit of all managed funds. According to the resolution of the first shareholders' meeting of Kaiyuan Development in 2025, Kaiyuan Development will cease operations, stop conducting related businesses, and proceed with liquidation within the year. The company will closely monitor the progress of this matter and timely fulfill the corresponding decision-making or disclosure procedures.