[Baolei] Shareholders' Ordinary Meeting 115 Approves Removal of Non-Competition Restrictions for Newly Appointed Directors and Their Representatives

1. Date of Shareholders' Meeting Resolution: 115/06/26

2. Names and Titles of Directors Permitted to Engage in Competitive Activities: - Director: Representative of Puquan Advertising Co., Ltd.: Lin Ruishan - Director: Representative of Puquan Advertising Co., Ltd.: Li Zhongshu - Director: Representative of Puquan Advertising Co., Ltd.: Su Liyu - Director: Representative of Zhongrong Asset Management Co., Ltd.: Zhang Chungui - Director: Representative of Zhongrong Asset Management Co., Ltd.: Zheng Yuankai - Independent Director: Dai Jiawei - Independent Director: Lin Dongqiao - Independent Director: Ma Zaiqin

3. Permitted Competitive Activities: Investment in and operation of businesses similar to or identical with the company's business scope

4. Duration of Permission for Competitive Activities: During the term of office as director of the company

5. Resolution Outcome (Voting Results under Article 209 of the Company Act): Approved as proposed by the 115th Ordinary General Meeting of Shareholders

6. Directors Engaging in Competitive Activities Related to Mainland China-based Businesses (Enter 'Not Applicable' if not applicable): Not Applicable

7. Company Name and Position Held in Such Mainland China-based Business: Not Applicable

8. Address of Such Mainland China-based Business: Not Applicable

9. Business Scope of Such Mainland China-based Business: Not Applicable

10. Degree of Impact on the Company's Financial and Business Operations: None

11. If Directors Have Invested in Such Mainland China-based Business, Investment Amount and Shareholding Ratio: Not Applicable

12. Other Matters to be Disclosed: None