Coboda: Intends to Acquire 60% of Coboda's Shares and Will Quickly Push Forward with the Transaction Process.

KBDA Announcement: The company plans to acquire 60% equity of Shanghai KBDA Smart Technology Co., Ltd. held by Shanghai Keshi Investment Management Co., Ltd. in cash. This transaction is subject to approval by the company's shareholders meeting before implementation. The company will expedite the transaction process and, once approved by the shareholders meeting, it is expected that Shanghai KBDA Smart Technology Co., Ltd. will become a subsidiary of the company and be consolidated into the financial statements by September 30, 2025. The company will fulfill its disclosure obligations according to the progress of this matter.