Yongjin Shares: The actual controller of the company has been released on bail pending trial.

Yongjin shares announced on the evening of July 8th that on the evening of July 7th, 2025, the company learned from its actual controller, Ms. Cao Peifeng, that she had been placed under residential surveillance by the Jinhua Public Security Bureau on the same day on suspicion of insider trading and leaking insider information. According to the "Decision on Residential Surveillance" provided by Ms. Cao Peifeng, the period of residential surveillance is effective from July 7, 2025. Previously, the actual controller of the company, Ms. Cao Peifeng, had received an "Administrative Penalty Decision" issued by the Zhejiang Regulatory Bureau of the China Securities Regulatory Commission on January 9, 2025, for her insider trading and short-term trading behavior, and on January 10, 2025, she received a "Decision on Public Reprimand of Cao Peifeng, the Actual Controller and then Director of Yongjin Technology Group Co., Ltd." issued by the Shanghai Stock Exchange. The aforementioned matters only involve the individual of the company's actual controller, Ms. Cao Peifeng, and are unrelated to the company's daily management and business operations, and will not have any impact on the company's daily operations, business, and financial condition.