1. Explanation of the Appointment of the Sponsor Broker
Jiyang Holding Group Co., Ltd. (hereinafter referred to as "the Company") received the Shenzhen Stock Exchange's decision on May 26, 2025, regarding the termination of the Company's stock listing (Shenzhen Stock Exchange [2025] No. 517). The Shenzhen Stock Exchange has decided to terminate the listing of the Company's stock. For specific details, please refer to the announcement disclosed by the Company on the same day on the Giant Tide Information Network (Announcement No. 2025-082).