Hainan Development: During the stock volatility period, the controlling shareholder and the actual controller did not engage in buying or selling company stocks.

Hainan Development announced on November 2 that the company's stock has deviated from the closing price for three consecutive trading days with a cumulative increase of more than 20%, which constitutes abnormal stock market volatility. Upon verification, in May 2025, the company received a notice from its controlling shareholder, Hainan Holdings, and its concerted parties plan to increase their holdings of the company's shares through the trading system of the Shenzhen Stock Exchange within the next 6 months. The planned amount of increase is not less than 100 million yuan and not more than 200 million yuan, with the number of shares to be increased not exceeding 2% of the company's total share capital. During the period of abnormal stock market volatility, the controlling shareholder and the actual controller did not engage in trading of the company's stock. As of now, the increase plan has not been completed, and Hainan Holdings and the concerted parties will continue to implement the increase plan.