Announcement Regarding Judicial Auction of Shareholder's Shares

Sichuan Xinyou Network Technology Co., Ltd.

Announcement Regarding Judicial Auction of Shareholder's Shares

The Company and all members of its Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or material omissions.

Important Notice:

1. As of the disclosure date of this announcement, Mr. Chen Jun holds 9,027,519 shares of Sichuan Xinyou Network Technology Co., Ltd. (hereinafter referred to as the "Company"), accounting for 4.44% of the company's total share capital. The proposed auction involves 6,954,400 shares, representing 77.04% of his holdings in the company and 3.42% of the company's total share capital.

2. As of the disclosure date of this announcement, the Company has no controlling shareholder or actual controller. It remains uncertain whether this judicial auction will lead to a change in the company's control or its largest shareholder.

3. This judicial auction is currently in the announcement phase. According to relevant regulations, the court has the right to suspend or withdraw the auction before or during the auction. Subsequent steps may include bidding, payment, court execution of legal procedures, and equity transfer. There is also a risk of the auction failing, and the ultimate success of the auction is uncertain.

4. In accordance with the "Interim Measures for the Management of Shareholder Share Reductions by Listed Companies" issued by the China Securities Regulatory Commission and the "Shenzhen Stock Exchange Listed Company Self-Regulatory Supervision Guidelines No. 18 - Shareholder and Director/Senior Management Share Reductions" and other relevant regulations, other shareholders who reduce their holdings of shares issued before the company's initial public offering through judicial seizure, transfer, or other non-trading transfer methods shall be subject to the same regulations as those for reduction through agreement transfer. The transferee shall not reduce the shares they acquire within 6 months after the transfer.