On November 21st, Douyu Announcement stated that CEO Chen Shaojie of the company was arrested by the Chengdu police around November 16th, according to insiders claiming to have been involved in gambling. Douyu stated that the company has not received any formal notice regarding the investigation into Mr. Chen or the apparent reasons for his arrest. The company is unable to comment on the nature or expected timeline of potential future legal proceedings (if any). Mr. Chen's continued detention and any subsequent legal proceedings and enforcement actions against relevant parties may have a significant adverse impact on the company's reputation, business, and operating performance.