Shunhao Co., Ltd.: The company currently only holds a stake in Track Dawn as an investor and will not have a direct impact on the company.

Shunhao Co., Ltd. Stock Trading Abnormal Fluctuation Announcement, the company has noticed that recent public media reports have covered the completion of a new round of equity and debt financing by its associate company Beijing Rail Transit Chen Guang Technology Co., Ltd. (referred to as “Rail Transit Chen Guang”). The company hereby reminds investors: debt financing is a routine business activity of Rail Transit Chen Guang, and this financing is only a preliminary credit intention. The final credit approval and the implementation of the financing involve a long cycle and significant uncertainty. Currently, the company only holds an equity stake in Rail Transit Chen Guang as an investor, and the above matters will not have a direct impact on the company.

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