Regarding the recent media reports on the interpretation of the lawsuit in the letter sent by Zhan Ketuan, Bitmain briefly responded as follows:

Regarding recent media reports on the interpretation of the lawsuit in the letter sent by Zhan Ketuan, Bitmain briefly responded as follows:

1. The company's currently effective Articles of Association are the fifth edition. After the resolution of the shareholders' meeting was made in November, an additional revised page of the fifth edition was submitted to the secretarial company. There is currently no sixth edition of the Articles of Association.

There was indeed a typo in the notice of the November shareholders' meeting, but it had been legally and effectively corrected at the time of the shareholders' meeting. The Cayman lawyer confirmed that it did not affect the validity of the notice of the shareholders' meeting. The secretarial company was also aware of the situation, and the judge would not decide the validity of the notice of the shareholders' meeting based on it.

2. 12:05am is the correct expression for 12:05am in the morning. Please refer to Wikipedia’s explanation at https://zh.m.wikipedia.org/zh/ (click “Read original text” to view) The twelve-hour system is based on the urgency of dealing with corporate governance issues. We need to resolve issues that threaten the survival of the company within the shortest time permitted by law.

3. Regarding the trial schedule, the judge expressed in the hearing from July 28 to July 30 that he felt that the case was rather complicated and that both parties needed to submit further arguments before the subsequent litigation schedule could be determined.