Tianjin Investment City: The Shanghai Stock Exchange issues inquiry letter on the proposed major asset sale and related transaction draft.

The announcement of Tianjin Jintou City Development Co., Ltd.: On November 11, 2025, the company received an inquiry letter from the Shanghai Stock Exchange regarding the major asset sale and related party transaction draft of Tianjin Jintou City Development Co., Ltd. The inquiry letter requested the company to further explain and clarify on issues such as the ability to continue operations, the assessment of the target, guarantee situation, as well as the situation of debt and credit. The company will organize a response in accordance with the requirements and fulfill its disclosure obligations.