Yunfeng Financial, Indirectly Held by Jack Ma, Included in Shanghai-Shenzhen-Hong Kong Stock Connect; Previously Disclosed Purchase of 10,000 ETH

Odaily News: Yunfeng Financial, indirectly held by Jack Ma, announced its inclusion in the list of eligible securities under the Stock Connect schemes (Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect), effective from September 7, 2026. Following the inclusion, eligible mainland Chinese investors can trade the Group's shares listed on the Hong Kong Stock Exchange through domestic securities companies via the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect, providing a more convenient channel for mainland investors to invest in the Group's shares.

Yunfeng Financial previously disclosed that it had purchased a total of 10,000 ETH in the open market, with a total investment cost (including fees and expenses) of $44 million. The purchase funds came from the Group's internal cash reserves, and the purchased ETH is classified as investment assets in the Group's financial statements. In addition, Yunfeng Financial also stated that, apart from Ethereum, it plans to explore incorporating diversified mainstream digital assets, including Bitcoin (BTC) and Solana (SOL), into the company's strategic reserve assets.