Core Viewpoint - The announcement highlights the judicial freezing of shares held by the controlling shareholder, Jinpu Investment Holding Group Co., Ltd., which may impact the stability of the company's control [2][3]. Group 1: Shareholder's Share Status - Jinpu Group holds 220,700,000 shares of the company, accounting for 22.36% of the total share capital [2]. - The number of shares judicially frozen is 72,759,356, representing 32.97% of Jinpu Group's holdings and 7.37% of the company's total share capital [2]. - As of the announcement date, all of Jinpu Group's shares (220,700,000) are pledged, and 147,000,000 shares are judicially frozen or marked, which is 66.61% of its holdings and 14.90% of the company's total share capital [3]. Group 2: Financial and Legal Status - Jinpu Group has experienced significant debt overdue situations and major litigation related to debt issues in the past year [3]. - There is no downgrade in the credit rating of Jinpu Group or its debt obligations as of the announcement date [3]. - The company maintains operational independence from Jinpu Group, with no non-operational fund occupation or illegal guarantees affecting the listed company's interests [3]. Group 3: Potential Impact - If Jinpu Group fails to repay its debts on time, it may lead to forced execution of pledged or frozen shares, potentially resulting in a change of the controlling shareholder and affecting the stability of the company's control [3]. - The company will continue to monitor these developments and fulfill its disclosure obligations as required by laws and regulations [3].

Core Viewpoint - The company ensures the authenticity, accuracy, and completeness of its quarterly report, with all board members and senior management taking legal responsibility for the information disclosed [2][3]. Financial Data Summary - The quarterly report has not been audited [8]. - The company does not require retrospective adjustments or restatements of previous accounting data [3]. - There are no non-recurring profit and loss items applicable for the reporting period [3]. - The company has provided a detailed analysis of changes in asset composition, profit structure, and cash flow for the reporting period [4][5]. Shareholder Information - There are changes in the freeze termination dates of shares held by significant shareholders, specifically Wu Weiwen and Jubao Holdings Group Co., Ltd. [5]. - The company confirms that there are no changes in the top ten shareholders or their shareholding status due to securities lending activities [5]. Financial Statements - The company has prepared consolidated financial statements, including the balance sheet, income statement, and cash flow statement, as of March 31, 2025 [6][7]. - The net profit of the merged entity prior to consolidation remains at 0.00 yuan for both the current and previous periods [6]. Accounting Standards - The company will not apply the new accounting standards for the first time in the current reporting period [8].