[Xinhuo Technology: The UK litigation has no significant impact on the group's overall business, operations or financial condition, and the court has issued an order to terminate the Hong Kong litigation] Golden Finance reported that Xinhuo Technology, a Hong Kong-listed company, issued an announcement stating that on September 13, 2024, it received an order from the High Court of England and Wales (the UK order) regarding the claimant's claims against multiple designated and undesignated defendants (the UK litigation), requiring the company (as the fourth defendant) to deliver to the claimant a maximum limit of 43.0717024 Bitcoins (equivalent to US$2,590,108.21 and approximately HK$20,202,844.03) or equivalent to 1,936,146.68 pounds (equivalent to approximately HK$19,915,204.75) and 1,167.093718 Ethereum (equivalent to US$2,705,451.62 and approximately HK$21,102,522.63) or equivalent to 2,526,126.44 pounds ( The UK litigation was initially filed by the claimant against Huobi Global Limited and was subsequently amended to replace Huobi Global Limited with the Company as the fourth defendant. As of the date of this announcement, the Company has not received the details of the claim in the UK litigation and is therefore not aware of the details of the claim. New Fire Technology has engaged a UK legal adviser to assess the situation and consider possible options. After considering the information and documents provided by the Company, it is considered that the evidence in the UK litigation is insufficient and that New Fire Technology has a great chance of successfully revoking the UK order. New Fire Technology has clarified to the plaintiff and the Hong Kong Court that it has never participated in the operation of the Huobi platform and has no connection with the Huobi platform. The Hong Kong Court has issued an order to terminate the Hong Kong litigation against the Company. Based on the information currently available, the UK litigation has no significant impact on the overall business, operations or financial position of the Group. Further announcements will be published in due course on any significant developments in the UK litigation.