[Chabaidao: Fully cooperate with the Hong Kong Securities Regulatory Commission to deal with any matters of concern and business operations remain normal] On October 14th, Chabaidao announced on the Hong Kong Stock Exchange that the company’s board of directors noted that the Hong Kong Securities Regulatory Commission has suspended trading in the company’s H shares starting from 9:00 am on October 13. The Securities and Futures Commission of Hong Kong said it was concerned that the company's initial public offering may have been manipulated to create the illusion of demand for shares. The Company's Board of Directors takes this matter very seriously and firmly believes that compliance with all laws and regulations applicable to the Company is important. Therefore, the Company is urgently seeking legal advice on the directive and will work hard to address and resolve matters of concern to the Hong Kong Securities and Futures Commission. The Company promises to fully cooperate with the Securities and Futures Commission of Hong Kong in dealing with any matters of concern to it and will issue separate announcements in due course. The Company confirms that the Group's business operations remain normal and as of the date of this announcement, there have been no major changes in the Group's business operations.