HTX is aware of the recent developments regarding the UK sanctions designations. The HTX exchange is committed to full compliance with all applicable laws and to cooperation with law-enforcement agencies worldwide. The UK’s designation arrived today without prior notice or any supporting evidence shared with us. To clarify, the listed entity Huobi Global S. A. is distinct from the online HTX exchange. While Huobi Global S.A. will work with relevant UK authorities to understand the basis for the action and to address any concerns promptly, the designation does not and should not have any impact on the online HTX exchange. HTX's global operations remain unaffected, and all user funds are safe. We will continue to monitor the situation closely and provide updates as necessary.