[Nar Shares Clarification: The party involved, Xue Yinfei, is not an employee of the company. The company and relevant personnel have not been investigated or punished for suspected insider trading] On November 3, Nnar Shares (002825.SZ) issued a media report clarifying announcement, stating that the company was concerned that relevant media platforms had recently published an article titled "Nar Shares Xue Yinfei was fined and confiscated for insider trading involving a total of 2.1694 million yuan and controlled 3 accounts with cumulative transactions exceeding 2.97 million yuan" (referred to as the "above article"). In order to avoid misleading investors, the company now clarifies the relevant content as follows: 1. The title of the above-mentioned article is inconsistent with the facts; 2. The party mentioned in the title of the above-mentioned article, Xue Yinfei, was the deputy general manager of the target company to be reorganized at the time, and his employer was Shanghai Philai Testing Technology Co., Ltd.; 3. The company announced on January 14, 2026, that it had terminated the "Equity Acquisition Intention Agreement" for the reorganization target company. The party involved, Xue Yinfei, has no relationship with Nal Shares and is not an employee of the company. 4. None of Nal Shares, its directors, senior managers and employees have been investigated or punished for insider trading.