Core Viewpoint - The company has completed the deregistration process of its wholly-owned subsidiary, Huatai Yimei, which was established in partnership with Hangzhou Taiyi Zhishang Technology Co., Ltd. in 2015, due to a shift in business direction [1] Group 1 - In 2017, the company acquired minority shares to make Huatai Yimei a wholly-owned subsidiary [1] - The decision to deregister Huatai Yimei aims to optimize management and improve resource allocation efficiency [1] - The company received the deregistration documents on January 14, 2026, and has completed the necessary procedures [1] Group 2 - The deregistration will lead to adjustments in the company's consolidated financial statements, but it will not have a substantial impact on financial and operational performance [1]