Announcement on the Public Recruitment of Intermediary Institutions for the Company's Pre-Reorganization
Special Reminder:
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On May 29, 2026, Beijing Yihualu Information Technology Co., Ltd. (hereinafter referred to as "Yihualu" or "the Company") received a decision from the Beijing First Intermediate People's Court (hereinafter referred to as "the Court") (2026) Jing 01 Bankruptcy Application No. 407-1, designating King & Wood Mallesons as the temporary administrator during the Company's pre-reorganization period (hereinafter referred to as "the Temporary Administrator"). For details, please refer to the announcement disclosed by the Company on May 29, 2026, titled "Announcement on the Court's Designation of the Company's Temporary Administrator" (Announcement No. 2026-037). The Temporary Administrator has commenced relevant work for the Company's pre-reorganization in accordance with applicable laws and regulations and has issued a notice for the declaration of claims related to the pre-reorganization. For details, please refer to the announcement disclosed by the Company on June 1, 2026, titled "Announcement on the Company's Declaration of Claims for Pre-Reorganization" (Announcement No. 2026-038).
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On April 28, 2026, the Company disclosed the "Announcement on Receiving the Notice of Investigation from the China Securities Regulatory Commission" (Announcement No. 2026-027). Due to suspected violations of information disclosure regulations, the China Securities Regulatory Commission decided to investigate the Company, which poses risks of administrative penalties related to the alleged violations. As of now, the Company has not received a conclusive opinion or decision from the China Securities Regulatory Commission regarding the aforementioned investigation, and the Company cannot determine whether this investigation will affect its subsequent entry into the reorganization process and its implementation.
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There is still uncertainty regarding whether the Company will enter the reorganization process. If the Company enters the reorganization process and it is successfully implemented, it will help optimize the Company's asset-liability structure, enhance its ability to continue operations, and mitigate the delisting risk arising from the negative net assets for the fiscal year 2025, aiding the Company in restoring a healthy development state. If the reorganization fails, the Company will face the risk of being declared bankrupt. If the Company is declared bankrupt, according to the relevant provisions of the Shenzhen Stock Exchange's GEM Listing Rules, the Company's stock will face the risk of being delisted. Investors are advised to pay attention to investment risks. The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or significant omissions.