C-Star Network Announces Delisting Risk for Subsidiary Xiamen Cancong Industrial Co., Ltd.

1. Date of Event: 07/20/115 2. Company Name: Xiamen Cancong Industrial Co., Ltd. 3. Relationship to Company (enter 'Parent' or 'Subsidiary'): Subsidiary 4. Cross-shareholding Ratio: 42.9% 5. Reason for Occurrence: The subsidiary has issued a public announcement under the Shenzhen Stock Exchange's listing rules, warning of potential stock delisting. 6. Response Measures: None 7. Other Matters to be Disclosed (If the entity involved in the event or resolution is a publicly listed company or above, this material information also qualifies as a matter under Article 7, Paragraph 9, Item 9 of the Enforcement Rules of the Securities and Exchange Act that significantly affects shareholders' rights or securities prices): None