Hainan Ruize: Daxing Group plans to auction 1.31% of its shares.

Hainan Ruizhe Announcement: Daxing Group, a shareholder of the company, holds 15,002,700 shares, accounting for 100% of its total shares held, and 1.31% of the total share capital of the company. These shares will be publicly auctioned by the People's Court of Qionghai City, Hainan Province from July 21 to July 22, 2025, to repay debt disputes. This auction will not have a significant impact on the company's daily operations, nor will it involve a change in control of the company. The outcome of the auction remains uncertain, and the company will continue to monitor and fulfill its disclosure obligations in a timely manner.