Dual board of directors Nine Ding Investment: The company and Nanjing Shenyuan Sheng belong to different industries and there is integration risk.

On the evening of August 12, NineDing Investment, which had two consecutive trading limit ups, issued a public announcement regarding abnormal stock trading fluctuations, stating that on August 12, the company disclosed an announcement regarding the acquisition of part of the equity of Nanjing Shenyuan Sheng Intelligent Technology Co., Ltd. and its subsequent capital increase. However, affected by market competition and industry policies, there are still risks in actual operation, including trading risks, policy risks, market risks, operational risks, and management risks. The company's current business and Nanjing Shenyuan Sheng's business are in different industries, making it a cross-border acquisition, which carries a certain level of industry integration risk.