Investor Question: Hello, Secretary to the Board, your company's executives are always reducing their holdings. Does this indicate pessimism about the company's future? Other companies...

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Investor Question:

Hello, Secretary of the Board, does the frequent share reduction by your company’s executives indicate a lack of confidence in the company’s future? Other companies like Bwei Storage and Qiangyi Technology have disclosed their Q1 forecasts. Why doesn’t your company consider investors’ interests? Managing market value is important. Providing better returns for investors. Why don’t you follow suit and give clear qualitative statements to give investors confidence? I know your answer will be that you will disclose information promptly according to relevant laws and regulations. As investors, we don’t want to hear these official statements. Your company should do meaningful things that benefit investors.

Secretary of the Board (Jiang Bolong SZ301308):

Dear investor, hello. The recent share reductions by the company’s directors and senior management mainly stem from personal funding needs of shareholders and are unrelated to the company’s production and operations. The company has announced these reductions 15 trading days in advance, in accordance with listing rules and relevant regulations, and the reduction amounts strictly follow the limits on the amount that can be reduced. The company has noted some listed companies’ performance forecasts. Overall, our disclosure work is based on mandatory regulations and mainstream market practices, aiming to establish a predictable disclosure standard and rhythm to better serve all investors. From an industry perspective, driven by AI demand and cautious capital expenditure and investment by memory chip manufacturers, the storage industry is currently in a high boom cycle. You can learn more by reviewing the company’s investor relations activity records or third-party information. Finally, as a leading industry company, our operations are normal. We are actively seizing historic industry opportunities, leveraging core technologies such as self-developed storage chips, self-developed main control chips, and our own packaging and testing platforms to maintain our leading position in the industry and capital markets. Thank you for your attention.

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