Babel Finance Has Taken Action to Alleviate the Company's Liquidity Situation

Babel Finance management has taken the following steps to alleviate the company's liquidity situation: 1. Babel Finance have carried out an emergency assessment of the company's business operations to understand the company's liquidity status. 2. Babel Finance have communicated with major counterparties and relevant customers, and reached preliminary agreements on the repayment period of some debts, which has eased the company's short-term liquidity pressure. 3. Babel Finance have actively communicated with shareholders and potential investors, and will continue to communicate and obtain liquidity support. Given the current context of severe market volatility, Babel Finance’s management will continue to communicate closely with customers, counterparties, and other partners, and provide updates in a timely and transparent manner.