China Securities Regulatory Commission Shandong Regulatory Bureau issued an "Administrative Penalty Decision" ( [2025] No. 16) to the company and relevant personnel on August 7, 2025, for prior information disclosure violations. According to the circumstances determined in the "Administrative Penalty Decision," the company does not fall under the major illegal delisting circumstances stipulated in the "Shenzhen Stock Exchange Stock Listing Rules." The illegal guarantees and litigation matters involved in the "Administrative Penalty Decision" have been fully resolved through bankruptcy restructuring and will not have an adverse impact on the company's prior financial situation. Accordingly, we believe that the uncertainty regarding the progress of the filing and investigation matter has been eliminated, and the impact on users' understanding of the financial statements has also been eliminated.
III. Board of Directors' Opinion
The Board of Directors believes that the unqualified audit report issued by the accounting firm for the company's 2025 annual financial statements and the special report on the elimination of non-standard audit matters from the previous period in the current period are consistent with the company's actual situation. The uncertainty regarding the progress of the company's filing and investigation matter has been eliminated, and the impact on users' understanding of the financial statements has also been eliminated.
Hereby declared.
Board of Directors of Kairuide Holdings Co., Ltd. February 11, 2026