Happy City Holdings Limited - Temporary Suspension of Trading

On June 11, 2026, Happy City Holdings Limited received an order from the SEC suspending trading of its securities from June 12, 2026, to June 26, 2026. The suspension was due to potential manipulation in the Company's securities trading, possibly influenced by social media recommendations. The SEC stated these activities appeared designed to artificially influence the market price and trading volume. The Company received an information request from Nasdaq. Happy City Holdings Limited denies authorizing or participating in any promotion of its securities and is cooperating with regulatory authorities. The Company intends to respond to Nasdaq's request and confirms that its business operations and financial position remain normal.