Chabaidao (02555) establishes an independent special committee to continue suspending trading

Zhitong Finance App News, Cha Baidao (02555) issued an announcement. On November 13, 2026, the board of directors decided to establish an independent special committee (independent special committee), initially composed of all current independent non-executive directors of the Company, namely Mr. Yang Zhida, Dr. Tang Yong and Ms. Cheng Li. The purposes include: (i) supervising independent investigations into the concerns raised by the Securities Regulatory Commission in this Directive; (ii) evaluating the possible impact of such concerns on the company's business operations and financial situation; and (iii) reporting to the board of directors and making suggestions on appropriate measures to be taken . Mr. Yang Zhida was appointed Chairman of the Independent Special Committee on the same day.

The Independent Special Commission is authorized to exercise all necessary powers, powers and powers to perform its duties, including but not limited to appointing appropriate independent professional advisers, such as independent forensic investigation agencies, independent legal advisers, etc., to assist the Independent Special Committee in carrying out independent investigations.

The Independent Special Commission is taking steps to identify and select suitable and qualified independent professional consultants to conduct independent investigations. The above measures include requesting and reviewing cost quotes and proposals, and evaluating the candidate institutions' expertise and competency.

Furthermore, trading of the company's shares continues to be suspended.