Soho Huihong announced that the validity period of the Yili Suxin Fund, in which the company participated in the investment, has expired. In order to ensure the normal operation of the fund, it is proposed to extend its term of existence by two years, and no management fees will be charged during the extension period. Soho Holding Group, the controlling shareholder of the company, and Soho Xinzhi, its wholly-owned subsidiary, is one of the limited partners of the fund. This transaction constitutes a related transaction and does not constitute a major asset restructuring. The matter has been approved by the relevant meeting of the company's board of directors, but it still needs to be resolved at the fund partner meeting, so there is uncertainty.

Soho Huihong announced that the validity period of the Yili Suxin Fund, in which the company participated in the investment, has expired. In order to ensure the normal operation of the fund, it is proposed to extend its term of existence by two years, and no management fees will be charged during the extension period. Soho Holding Group, the controlling shareholder of the company, and Soho Xinzhi, its wholly-owned subsidiary, is one of the limited partners of the fund. This transaction constitutes a related transaction and does not constitute a major asset restructuring. The matter has been approved by the relevant meeting of the company's board of directors, but it still needs to be resolved at the fund partner meeting, so there is uncertainty.