The Group has evaluated subsequent events through the date of issuance of the unaudited condensed consolidated financial statements and determined there were no other subsequent events that occurred that would require recognition or disclosure in the condensed consolidated financial statements, except the following event.

On July 17, 2025, the Company agreed to relieve Shanren Cui of his obligation to pay the balance of the subscription price for the 375,000 Class A shares to which he subscribed in the Company’s Private Placement. As a condition to his release, Mr. Cui returned to the Company the certificate representing the 375,000 Class A shares previously issued to him. In exchange, he was issued a certificate representing 193,294 Class A shares, the amount which was purchased with the $773,174 received from Mr. Cui.