Shanghai material trade announcement, after the company's self-examination, and written consultation and verification with the controlling shareholder, Bailian Group, as of the date of this announcement, neither the company nor Bailian Group has any significant information that should be disclosed but has not been disclosed, including but not limited to significant asset restructuring involving the company, stock issuance, significant transaction matters, business restructuring, share repurchases, equity incentives, bankruptcy reorganization, significant business cooperation, and the introduction of strategic investors. No media reports or market rumors requiring clarification or response have been found.