Soho Huihong announced that the 8th meeting of the company's 11th board of directors deliberated and passed two proposals: one was to agree that the Shanghai Hanfa Venture Capital Center would extend the fund's life period for 2 years as agreed in the partnership agreement, and the other was to agree that the wholly-owned subsidiary Soho Zhongtian would liquidate and cancel its holding subsidiary Zhongtian Commercial Management. The company and subsidiaries did not provide guarantees, entrust financial management, or financial support to Zhongtian Commercial Management, and did not occupy the company's capital. This liquidation and cancellation did not involve land leases or debt restructuring, and will not have a significant impact on the company's business operations. After completion, Zhongtian Commercial Management will no longer be included in the scope of the consolidated statement.

Soho Huihong announced that the 8th meeting of the company's 11th board of directors deliberated and passed two proposals: one was to agree that the Shanghai Hanfa Venture Capital Center would extend the fund's life period for 2 years as agreed in the partnership agreement, and the other was to agree that the wholly-owned subsidiary Soho Zhongtian would liquidate and cancel its holding subsidiary Zhongtian Commercial Management. The company and subsidiaries did not provide guarantees, entrust financial management, or financial support to Zhongtian Commercial Management, and did not occupy the company's capital. This liquidation and cancellation did not involve land leases or debt restructuring, and will not have a significant impact on the company's business operations. After completion, Zhongtian Commercial Management will no longer be included in the scope of the consolidated statement.