Announcement on the Administrative Penalty Decision Received by the Company's Chairman for Non-Company Matters

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This announcement informs that the Chairman of the company, Mr. Luan Xianzhou, received an administrative penalty decision from the Beijing Securities Regulatory Bureau for insider trading and information leakage related to Minsheng Holdings in 2016. The penalties include the confiscation of illegal gains amounting to 5,637,684.61 yuan and a fine of 16,913,053.83 yuan, along with an additional fine of 40,000 yuan for leaking insider information. The company states that this matter is unrelated to its operations and will not significantly impact its business.

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