Red Tower Securities: Cloud Investment Group, a shareholder with more than 5% of the shares, terminates the agreement to transfer company shares.

Red Tower Securities announcement, the company's shareholder Yuntu Group, holding more than 5% of the shares, plans to transfer its 817 million shares to its subsidiary Yuntu Investment. However, on September 23, 2025, Yuntu Group and Yuntu Investment reached a consensus to terminate the previously signed share transfer agreement, and terminate the non-public agreement share transfer transaction and related subsequent work. The termination of this transfer will not have any adverse effects on the company's control, governance structure, daily operations, operating performance, and financial condition.