Jiu Fang Zhi Tou Holdings announced that the acquisition announced by the Company on April 3, 2025, has been completed. The member companies of the Target Group are now wholly owned by Jiu Fang Zhi Tou Holdings and have been consolidated as wholly-owned subsidiaries of Jiu Fang Zhi Tou Holdings. Jiu Fang Zhi Tou Holdings has acquired ownership of the core information system. JF Financial Company Limited (formerly known as Yintech Financial) is a company incorporated under the laws of the British Virgin Islands on December 12, 2016. JF Financial’s principal business activities consist of providing financial services. The Target Group primarily conducts its business through the following subsidiaries: Fangde Securities and Fangde Capital.