A string of accolades heralds our progress! Recently, the company has excelled in investor relations, corporate governance, and information disclosure, securing three prestigious industry awards that underscore the capital market's high regard for our company.

Notably, the company was honored with the "2025 Listed Company Excellence in Investor Relations Award" by Value Online, a recognition of its commitment to investor relations management, effective communication channels, and transparent communication practices. We consistently prioritize investor needs, building trust through diversified channels to ensure the market clearly perceives our value.

The company was also honored with the 2025 Shanghai Securities News Golden Quality Award for Corporate Governance. As one of the most authoritative and influential awards in China's listed company sector, the Shanghai Securities News Golden Quality Award recognizes market entities that excel in high-quality development. This recognition not only affirms Hongfuhan's corporate governance excellence but also acknowledges its contributions to fulfilling social responsibilities, safeguarding stakeholder interests, and promoting the industry's healthy growth.

In addition, the company was awarded the "2024 Golden Disclosure Award" by China Securities Journal for its professional performance in information disclosure. This is a high recognition of the professionalism and practical effectiveness of the company's information disclosure work. The company has always taken improving the quality of information disclosure as its core, comprehensively and clearly presenting its operational dynamics and development strategies to provide reliable basis for investors' decision-making, and earnestly fulfilling the responsibilities and commitments of a listed company.

These honors are the result of the collective efforts of all our colleagues and embody the trust and expectations of authoritative media and investors. Going forward, we will seize this opportunity to further enhance investor relations, deepen corporate governance reforms, and strictly adhere to information disclosure standards. Through more stable operations and outstanding performance, we will repay the support and affection from all sectors of society.