Dawn Shares: terminating the issuance of shares to specific parties and withdrawing the application document.

Dawn Shares announced that on November 10, 2025, the company held the fifteenth meeting of the eleventh session of the supervisory board, deliberating and approving the termination of the issuance of shares to specific entities in 2024 and withdrawing the application documents. The original plan for this issuance was to issue A-shares to the actual controller, Liang Zi. On July 31, 2025, the company received an inquiry letter from the Shanghai Stock Exchange for review. Taking into consideration external factors, the actual situation of the company, and development plans, the company decided to terminate the issuance.