China Lu-Gong: Received the decision letter of regulatory measures from the Shanghai Securities Regulatory Bureau.

Midway Group Announcement: The company recently received an "Administrative Supervision Measure Decision" issued by the Shanghai Securities Regulatory Bureau. The decision pointed out that under the leadership of the actual controller Chen Rong, Midway Group, with a 99% investment stake, transferred 3 million yuan to Anqing Kalaifei Quo Internet of Things Technology Co., Ltd. on July 12, 2024, without any goods or labor in return, and this amount was recovered in December 2024. This act constitutes non-operational use of funds by related parties of a listed company, violating the "Listed Company Governance Guidelines" and the "Listed Company Supervision Guidelines No. 8 - Management Requirements for Listed Company Funds and External Guarantees." According to relevant provisions of the Securities Law, the Shanghai Securities Regulatory Bureau has decided to take administrative supervision measures requiring Midway Group, Anqing Kalaifei Quo, and Chen Rong to make corrections, and to complete the corrections and submit a rectification report within thirty days of receiving the decision.