[Xiechuang Data: There is no "substantial control" situation as reported] An investor asked Xiechuang Data. Media reports used "paper carnival" and "hidden paths" to characterize the company's 32.2 billion yuan in purchases and 850 million yuan in related sales, which has impacted the stock price and shareholder interests. The company must initiate a special inspection and respond item by item; proactively correct any deficiencies and hold those accountable, etc. Xiechuang Data stated on the interactive platform that after the company paid attention to the relevant media reports, it immediately carried out internal special verification on core matters such as related transactions and business authenticity involved in the reports. The relevant situation is now unified as follows: The equity transfer of Metabes is based on the company’s business development In line with the market-oriented operating decisions made in the plan, the company has completed the external transfer of all the equity of Metabes in February 2026. Before the transfer, at the end of 2025, the total number of insured persons in Metabes and its branches was 21. After the transfer, Metabes will no longer be included in the company's consolidated statements. Based on the principle of prudence, the company identified Metabes within 12 months after the equity transfer as a related party, and fulfilled complete board review procedures and information disclosure obligations for relevant daily related transactions. After the completion of the transaction, the company only carried out business cooperation in accordance with related party rules, and there was no "substantial control" situation as reported. The company's related procurement with Qishuo Technology and its related sales with Metabes have all gone through board review and information disclosure procedures in accordance with legal requirements; the two transactions belong to different business links in the upstream and downstream of the supply chain, and the transaction counterparties, contract subjects, and pricing logic are independent of each other. The pricing follows the principle of market fairness and has a real business background. There is no artificially designed closed-loop transaction or benefit transfer. During the period of controlling Metabase, the amount of the company purchasing servers from Qishuo Technology and selling computing power services to Metabase accounted for a relatively small proportion of the company's overall scale of similar purchases and similar sales during the same period, and would not have a significant impact on the company's overall operating performance. At present, all the company's businesses are progressing normally, and production and operations are proceeding in an orderly manner. The company always attaches great importance to business compliance and the protection of investors' rights and interests, strictly abides by various regulatory regulations, and actively accepts supervision and investor supervision. In the future, the company will continue to strengthen compliance management of the entire business process to ensure the steady development of the company's operations and effectively safeguard the interests of all shareholders.