<p><em>未施加民事罚款或经济制裁</em></p>
<p><strong>乔治亚州亚特兰大，2025 年 12 月 16 日（GLOBE NEWSWIRE）--</strong> Outdoor Holding Company（纳斯达克：POWW，POWWP）（“OHC”，“我们”，“我们的” 或 “公司”），是 GunBroker.com 的所有者，GunBroker.com 是最大的在线枪支、狩猎及相关产品市场，今天宣布已与美国证券交易委员会（“SEC”）达成和解，以解决其先前披露的调查。Outdoor Holding Company 的董事长兼首席执行官 Steve Urvan 表示：“我们很高兴与 SEC 达成的解决方案不包括民事罚款或经济制裁。公司努力将这一章节抛在脑后。”</p>
<p>公司在不承认或否认 SEC 的调查结果的情况下（仅在管辖权方面），同意停止并避免未来违反反欺诈及其他多项联邦证券法的行为，原因包括但不限于：（i）未披露前高管的雇佣及角色；（ii）未披露涉及该前高管的关联方交易；（iii）不当资本化某些股权发行成本；（iv）低估股票补偿费用；（v）关于调整后 EBITDA 计算的披露；（vi）内部会计控制不足。命令承认公司现在在新的高级管理层下运营，该管理层与导致命令中描述的违规行为的管理层不同。命令的副本将作为当前报告的附件提交，并将在公司网站上提供。</p>
<p>在命令中，OHC 还同意承担要求公司聘请外部合规顾问的义务，以审查并协助公司改善财务报告内部控制中的重大缺陷。公司需全面配合合规顾问，在两年内采纳并实施合规顾问的所有建议，并向 SEC 工作人员提供相关的合规认证。这些义务与 OHC 正在进行的内部控制整改工作相一致。</p>
<p>在过去一年中，公司开展了一项广泛的多阶段整改计划，直接由其董事会、审计委员会和披露委员会监督。这些整改工作包括但不限于，完成独立调查并重述 2022、2023 和 2024 财政年度的财务报表，以及 2024 财政年度的每个季度和 2025 财政年度的第一季度。公司已更换之前的高级领导，扩展并升级其会计和外部报告人员，聘请 SOX 和外部控制顾问，强化费用分类和资本化的政策，实施增强的期末结算和对账控制，建立正式的披露委员会，并采用新的强有力的流程来识别和披露关联方交易。公司还实施了培训和治理增强措施，以确保这些改进在长期内得以维持。2025 年 8 月，董事会将规模缩减至五人，并增加两名新的独立董事，以增强财务专业知识并改善董事会层面的战略指导和治理。</p>
<p>“我们的董事会和领导团队采取了果断、全面的行动来解决遗留问题，并建立一个实质上更强的治理和控制环境，” Urvan 先生表示。“我们很高兴结束这一章节，并达成无民事罚款的解决方案。我们致力于强有力的公司治理、透明的披露和准确的财务报告，同时重新聚焦于运营改进和提升股东价值。”</p>
<p>公司仍然专注于作为一个精简的、纯电商市场运营，中心是 GunBroker.com。如之前所述，公司已完成其前弹药制造业务的剥离，已恢复及时向 SEC 报告，并继续增强其内部控制和披露实践。</p>
<p><strong>关于 Outdoor Holding Company</strong></p>
<p>Outdoor Holding Company 是 GunBroker.com 的上市母公司和运营商，GunBroker.com 是最大的专注于枪支、狩猎、射击及相关产品的在线市场。第三方卖家在该网站上列出商品，联邦和州法律监管枪支及其他受限物品的销售。通过使用持牌枪支经销商作为转让代理，遵循所有权政策和法规。GunBroker.com 网站于 1999 年上线，是一个信息丰富、安全可靠的在线买卖枪支、弹药、射击配件和户外装备的方式。GunBroker 提倡负责任的枪支拥有。欲了解更多信息，请访问：www.gunbroker.com。</p>
<p><strong>关于前瞻性声明的警示性声明</strong></p>
<p>本新闻稿中包含或引用的非历史性陈述被视为根据联邦证券法的定义的 “前瞻性陈述”，并根据 1995 年《私人证券诉讼改革法》的安全港条款进行呈现。前瞻性陈述可以通过诸如 “目标”、“相信”、“期望”、“将”、“可能”、“预期”、“估计”、“会”、“定位”、“未来” 等词语以及其他类似表达来识别，这些词语预测或指示未来事件或趋势，或不是历史事项的陈述。这些前瞻性陈述包括但不限于关于公司增强内部控制和披露实践能力、公司商业战略、计划、目标、期望和意图的陈述，以及其他非历史事实的陈述。相反，它们仅基于公司管理层当前的信念、期望和假设。由于前瞻性陈述涉及未来，因此它们受到固有的不确定性、风险和变化的影响，这些因素难以预测，并且其中许多因素超出了公司的控制范围。可能导致实际结果与前瞻性陈述中描述的结果存在重大差异的重要因素包括但不限于公司遵守 SEC 和解协议中的承诺的能力，包括实施和完成对财务报告内部控制的增强，公司维持和扩展其电子商务业务的能力，公司在其电子商务平台上推出符合消费者偏好的新功能的能力，公司保留和扩大客户基础的能力，诉讼的影响，包括证券集体诉讼、股东派生诉讼和监管机构的执法行动，恶劣经济市场条件的影响，包括社会和政治因素的影响，以及任何其他事件、变化或其他情况的发生，这些情况可能对经营结果产生影响。因此，投资者不应依赖这些前瞻性陈述，并应审查公司在截至 2025 年 3 月 31 日的年度报告中 “风险因素” 标题下描述的风险和不确定性，该报告于 2025 年 6 月 16 日提交给 SEC，以及公司在其其他提交给 SEC 的文件中所做的额外披露，这些文件可在 SEC 网站 www.sec.gov 上获得。前瞻性陈述是在本新闻稿日期作出的，除法律规定外，公司明确否认对任何更新的前瞻性陈述的任何义务或承诺。</p>
<p><strong>联系方式</strong></p>
<p>投资者联系：</p>
<p>Darrow Associates</p>
<p>电话： (917) 886-9071</p>
<p>IR@outdoorholding.com</p>
<p>来源：Outdoor Holding Company</p>
<p><img src="https://imageproxy.pbkrs.com/https://www.globenewswire.com/newsroom/ti/query-bmY9T1RZd01qZzVOU00zTXpJME1EVTBJelV3TURBMU1qWTNNZz09?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://www.globenewswire.com/newsroom/ti/query-bmY9T1RZd01qZzVOU00zTXpJME1EVTBJelV3TURBMU1qWTNNZz09"/></p>
<p><img src="https://imageproxy.pbkrs.com/https://ml.globenewswire.com/media/N2YzNDZhZGItNWU0NC00MGE0LTgwYTctYWY3NGZhZTIwZDMzLTUwMDA1MjY3Mi0yMDI1LTEyLTE2LWVu/tiny/Outdoor-Holding-Company.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ml.globenewswire.com/media/N2YzNDZhZGItNWU0NC00MGE0LTgwYTctYWY3NGZhZTIwZDMzLTUwMDA1MjY3Mi0yMDI1LTEyLTE2LWVu/tiny/Outdoor-Holding-Company.png"/></p>

POWW

<p>户外控股公司（OHC）已与美国证券交易委员会（SEC）达成和解，未受到民事处罚或经济制裁。该公司同意停止并避免未来违反联邦证券法。OHC 将聘请外部合规顾问来审查并协助改善内部控制的薄弱环节。该公司已进行重大治理和控制改进，包括新任高级管理人员和董事会成员。OHC 仍专注于其 GunBroker.com 市场，并已剥离其弹药制造业务</p>

<p><em>No Civil Penalty or Monetary Sanction Imposed</em></p>
<div class="lb-trans"><p><em>未施加民事罚款或经济制裁</em></p>
</div><p><strong>Atlanta, GA., Dec. 16, 2025 (GLOBE NEWSWIRE) --</strong> Outdoor Holding Company (Nasdaq: POWW, POWWP) (“OHC,” “we,” “us,” “our” or the “Company”), the owner of GunBroker.com, the largest online marketplace for firearms, hunting and related products, today announced that it has reached a settlement with the U.S. Securities and Exchange Commission (“SEC”) to resolve its previously disclosed investigation. “We are pleased to have reached a resolution with the SEC which does not include a civil penalty or monetary sanction. The Company has worked hard to put this chapter behind us,” said Steve Urvan, Chairman and Chief Executive Officer of Outdoor Holding Company.</p>
<div class="lb-trans"><p><strong>乔治亚州亚特兰大，2025 年 12 月 16 日（GLOBE NEWSWIRE）--</strong> Outdoor Holding Company（纳斯达克：POWW，POWWP）（“OHC”，“我们”，“我们的” 或 “公司”），是 GunBroker.com 的所有者，GunBroker.com 是最大的在线枪支、狩猎及相关产品市场，今天宣布已与美国证券交易委员会（“SEC”）达成和解，以解决其先前披露的调查。Outdoor Holding Company 的董事长兼首席执行官 Steve Urvan 表示：“我们很高兴与 SEC 达成的解决方案不包括民事罚款或经济制裁。公司努力将这一章节抛在脑后。”</p>
</div><p>Without admitting or denying the SEC’s findings except as to jurisdiction, the Company agreed to cease and desist from future violations of the antifraud and numerous other provisions of the federal securities laws stemming from, among other things: (i) failure to disclose a former executive officer’s employment and role; (ii) failure to disclose related party transactions involving that former executive officer; (iii) improper capitalization of certain equity issuance costs; (iv) understatement of stock compensation expenses; (v) disclosure concerning the calculation of Adjusted EBITDA; and (vi) inadequate internal accounting controls. The Order acknowledged that the Company is now operating under new senior management that is different from those responsible for the conduct leading to the violations described in the Order. A copy of the Order will be filed as an exhibit to a Current Report on Form 8-K and will be available on the Company’s website.</p>
<div class="lb-trans"><p>公司在不承认或否认 SEC 的调查结果的情况下（仅在管辖权方面），同意停止并避免未来违反反欺诈及其他多项联邦证券法的行为，原因包括但不限于：（i）未披露前高管的雇佣及角色；（ii）未披露涉及该前高管的关联方交易；（iii）不当资本化某些股权发行成本；（iv）低估股票补偿费用；（v）关于调整后 EBITDA 计算的披露；（vi）内部会计控制不足。命令承认公司现在在新的高级管理层下运营，该管理层与导致命令中描述的违规行为的管理层不同。命令的副本将作为当前报告的附件提交，并将在公司网站上提供。</p>
</div><p>In the Order, OHC also consented to undertakings requiring the Company to engage an outside compliance consultant to review and assist with the Company’s remediation of material weaknesses in internal control over financial reporting. The Company is required to fully cooperate with the compliance consultant, adopt and implement all of the compliance consultant’s recommendations within two years, and provide related certifications of compliance to the SEC staff. These undertakings align with OHC’s ongoing internal controls remediation efforts.</p>
<div class="lb-trans"><p>在命令中，OHC 还同意承担要求公司聘请外部合规顾问的义务，以审查并协助公司改善财务报告内部控制中的重大缺陷。公司需全面配合合规顾问，在两年内采纳并实施合规顾问的所有建议，并向 SEC 工作人员提供相关的合规认证。这些义务与 OHC 正在进行的内部控制整改工作相一致。</p>
</div><p>Over the past year, the Company has undertaken a broad, multi-phase remediation program overseen directly by its Board of Directors, Audit Committee, and Disclosure Committee. These remediation efforts include, among other actions, completion of an independent investigation and restating its financial statements for fiscal years 2022, 2023 and 2024, each of the quarters within fiscal year 2024, and the first quarter of fiscal year 2025. The Company has replaced its prior senior leadership, expanded and upgraded its accounting and external reporting personnel, retained SOX and outside controls advisors, strengthened policies governing expense classification and capitalization, implemented enhanced period-end close and reconciliation controls, established a formal disclosure committee, and adopted a new robust process for identifying and disclosing related party transactions. The Company has also implemented training and governance enhancements designed to ensure these improvements are sustained over the long term. In August 2025, the Board reduced its size to five and added two new independent board members to increase financial expertise and improve board-level strategic guidance and governance.</p>
<div class="lb-trans"><p>在过去一年中，公司开展了一项广泛的多阶段整改计划，直接由其董事会、审计委员会和披露委员会监督。这些整改工作包括但不限于，完成独立调查并重述 2022、2023 和 2024 财政年度的财务报表，以及 2024 财政年度的每个季度和 2025 财政年度的第一季度。公司已更换之前的高级领导，扩展并升级其会计和外部报告人员，聘请 SOX 和外部控制顾问，强化费用分类和资本化的政策，实施增强的期末结算和对账控制，建立正式的披露委员会，并采用新的强有力的流程来识别和披露关联方交易。公司还实施了培训和治理增强措施，以确保这些改进在长期内得以维持。2025 年 8 月，董事会将规模缩减至五人，并增加两名新的独立董事，以增强财务专业知识并改善董事会层面的战略指导和治理。</p>
</div><p>“Our Board and leadership team have taken decisive, comprehensive action to address legacy issues and build a materially stronger governance and control environment,” said Mr. Urvan. “We are pleased to close this chapter and to have reached this resolution with no civil penalty. We are committed to strong corporate governance, transparent disclosure, and accurate financial reporting as we refocus our efforts to operational improvements and enhancement of shareholder value.”</p>
<div class="lb-trans"><p>“我们的董事会和领导团队采取了果断、全面的行动来解决遗留问题，并建立一个实质上更强的治理和控制环境，” Urvan 先生表示。“我们很高兴结束这一章节，并达成无民事罚款的解决方案。我们致力于强有力的公司治理、透明的披露和准确的财务报告，同时重新聚焦于运营改进和提升股东价值。”</p>
</div><p>The Company remains focused on operating as a streamlined, pure-play e-commerce marketplace centered on GunBroker.com. As previously reported, the Company has completed the divestiture of its former ammunition manufacturing business, has returned to timely SEC reporting, and continues to enhance its internal controls and disclosure practices.</p>
<div class="lb-trans"><p>公司仍然专注于作为一个精简的、纯电商市场运营，中心是 GunBroker.com。如之前所述，公司已完成其前弹药制造业务的剥离，已恢复及时向 SEC 报告，并继续增强其内部控制和披露实践。</p>
</div><p><strong>About Outdoor Holding Company</strong></p>
<div class="lb-trans"><p><strong>关于 Outdoor Holding Company</strong></p>
</div><p>Outdoor Holding Company is the publicly traded parent and operator of GunBroker.com, the largest online marketplace dedicated to firearms, hunting, shooting and related products. Third-party sellers list items on the site and federal and state laws govern the sale of firearms and other restricted items. Ownership policies and regulations are followed by using licensed firearms dealers as transfer agents. Launched in 1999, the GunBroker.com website is an informative, secure and safe way to buy and sell firearms, ammunition, shooting accessories and outdoor gear online. GunBroker promotes responsible ownership of firearms. For more information, visit: www.gunbroker.com.</p>
<div class="lb-trans"><p>Outdoor Holding Company 是 GunBroker.com 的上市母公司和运营商，GunBroker.com 是最大的专注于枪支、狩猎、射击及相关产品的在线市场。第三方卖家在该网站上列出商品，联邦和州法律监管枪支及其他受限物品的销售。通过使用持牌枪支经销商作为转让代理，遵循所有权政策和法规。GunBroker.com 网站于 1999 年上线，是一个信息丰富、安全可靠的在线买卖枪支、弹药、射击配件和户外装备的方式。GunBroker 提倡负责任的枪支拥有。欲了解更多信息，请访问：www.gunbroker.com。</p>
</div><p><strong>Cautionary Statement Concerning Forward-Looking Statements</strong></p>
<div class="lb-trans"><p><strong>关于前瞻性声明的警示性声明</strong></p>
</div><p>Statements contained or incorporated by reference in this press release that are not historical are considered “forward-looking statements” within the meaning of the federal securities laws and are presented pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as “target,” “believe,” “expect,” “will,” “may,” “anticipate,” “estimate,” “would,” “positioned,” “future,” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, among others, statements about the Company’s ability to enhance its internal controls and disclosure practices, the Company’s business strategy, plans, objectives, expectations and intentions, and other statements that are not historical facts. Instead, they are based only on Company management’s current beliefs, expectations and assumptions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of the Company’s control. Important factors that could cause actual results to differ materially from those described in forward-looking statements include, but are not limited to, the Company’s ability to comply with the undertakings in the SEC settlement, including implementing and completing enhancements to internal control over financial reporting, the Company’s ability to maintain and expand its e-commerce business, the Company’s ability to introduce new features on its e-commerce platform that match consumer preferences, the Company’s ability to retain and grow its customer base, the impact of lawsuits, including securities class action lawsuits, stockholder derivative suits and enforcement actions by regulatory authorities, the impact of adverse economic market conditions, including from social and political factors, and the occurrence of any other event, change or other circumstances that could give rise to impacts on operating results. Therefore, investors should not rely on any of these forward-looking statements and should review the risks and uncertainties described under the caption “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended March 31, 2025, filed with the SEC on June 16, 2025, and additional disclosures the Company makes in its other filings with the SEC, which are available on the SEC’s website at www.sec.gov. Forward-looking statements are made as of the date of this press release, and except as provided by law, the Company expressly disclaims any obligation or undertaking to any updated forward-looking statements.</p>
<div class="lb-trans"><p>本新闻稿中包含或引用的非历史性陈述被视为根据联邦证券法的定义的 “前瞻性陈述”，并根据 1995 年《私人证券诉讼改革法》的安全港条款进行呈现。前瞻性陈述可以通过诸如 “目标”、“相信”、“期望”、“将”、“可能”、“预期”、“估计”、“会”、“定位”、“未来” 等词语以及其他类似表达来识别，这些词语预测或指示未来事件或趋势，或不是历史事项的陈述。这些前瞻性陈述包括但不限于关于公司增强内部控制和披露实践能力、公司商业战略、计划、目标、期望和意图的陈述，以及其他非历史事实的陈述。相反，它们仅基于公司管理层当前的信念、期望和假设。由于前瞻性陈述涉及未来，因此它们受到固有的不确定性、风险和变化的影响，这些因素难以预测，并且其中许多因素超出了公司的控制范围。可能导致实际结果与前瞻性陈述中描述的结果存在重大差异的重要因素包括但不限于公司遵守 SEC 和解协议中的承诺的能力，包括实施和完成对财务报告内部控制的增强，公司维持和扩展其电子商务业务的能力，公司在其电子商务平台上推出符合消费者偏好的新功能的能力，公司保留和扩大客户基础的能力，诉讼的影响，包括证券集体诉讼、股东派生诉讼和监管机构的执法行动，恶劣经济市场条件的影响，包括社会和政治因素的影响，以及任何其他事件、变化或其他情况的发生，这些情况可能对经营结果产生影响。因此，投资者不应依赖这些前瞻性陈述，并应审查公司在截至 2025 年 3 月 31 日的年度报告中 “风险因素” 标题下描述的风险和不确定性，该报告于 2025 年 6 月 16 日提交给 SEC，以及公司在其其他提交给 SEC 的文件中所做的额外披露，这些文件可在 SEC 网站 www.sec.gov 上获得。前瞻性陈述是在本新闻稿日期作出的，除法律规定外，公司明确否认对任何更新的前瞻性陈述的任何义务或承诺。</p>
</div><p><strong>Contacts</strong></p>
<div class="lb-trans"><p><strong>联系方式</strong></p>
</div><p>For investors:</p>
<div class="lb-trans"><p>投资者联系：</p>
</div><p>Darrow Associates</p>
<div class="lb-trans"><p>Darrow Associates</p>
</div><p>Phone: (917) 886-9071</p>
<div class="lb-trans"><p>电话： (917) 886-9071</p>
</div><p>IR@outdoorholding.com</p>
<div class="lb-trans"><p>IR@outdoorholding.com</p>
</div><p>Source: Outdoor Holding Company</p>
<div class="lb-trans"><p>来源：Outdoor Holding Company</p>
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