Ninebot: There are no significant issues that should be disclosed but have not been disclosed.

Nine Mascots King announced that the company's stock trading has seen a deviation value in the closing price for two consecutive trading days, with a cumulative increase of over 20%, indicating abnormal fluctuations in stock trading. After verification, it was confirmed that the company, its controlling shareholder, and actual controller are not involved in any major asset restructuring or share issuance of the listed company. The company's stock price has experienced a significant short-term increase, leading to a situation of market overheating and high speculation risk, which may result in a substantial decline after the large short-term increase. Additionally, the company faces the risk of declining performance, with a 6.02% decrease in operating income and a 17.38% decrease in non-GAAP net profit for the period from January to September 2025 compared to the same period last year.