The company and its board of directors ensure that the information contained in this announcement is true, accurate, complete, and free from false records, misleading statements, or major omissions.
The company, Zhongxin Innovation Co., Ltd. (hereinafter referred to as "the Company" or "Zhongxin Innovation"), has received notice from specific shareholders, Suzhou Binhai Investment Management Co., Ltd. (hereinafter referred to as "Binhai Investment") and its affiliated parties, regarding the lifting of stock pledges and the extension of repurchase agreements. The current situation is announced as follows: