Fashion Daily has responded to the restructuring review inquiry letter, and the transaction is still awaiting regulatory approval.

Suning Fashion Group Co., Ltd. plans to acquire 71% equity of Sichuan Yindile Material Technology Group Co., Ltd. through the issuance of shares and payment of cash, and to raise supporting funds. Recently, the company and relevant intermediaries replied to the inquiry letter issued by the Shanghai Stock Exchange, answered and revised the relevant issues, and supplemented and improved the restructuring report and other application documents. The specific contents have been disclosed on the website of the Shanghai Stock Exchange. This transaction still needs to be reviewed by the Shanghai Stock Exchange and approved by the China Securities Regulatory Commission before it can be implemented. The company will disclose progress in a timely manner according to regulations, reminding investors to pay attention to risks.