Jin Hongshun announced on January 5 that the company held the 25th meeting of the 3rd board of directors and the 27th meeting of the 3rd board of directors on November 24, 2025 and December 15, 2025, respectively. Among them, Liu Xu, chairman and general manager, was absent from the above two board meetings due to personal reasons. Furthermore, Liu Xu has not performed on-site duties at the company since the end of September 2025, and is unable to guarantee sufficient energy to participate in the company's operations and management. According to the “Articles of Association” and relevant laws and regulations, the board of directors believes that Liu Xu is no longer able to properly perform the corresponding duties of the chairman and general manager. In order to ensure the normal operation of the company's board of directors and the normal operation of the company, the board of directors proposed removing Liu Xu from the position of chairman and general manager at the same time. After removing Liu Xu from the post of chairman, Hong Jiancang was elected as the chairman of the 3rd board of directors of the company in order to ensure the compliant operation of the board of directors and the continuous and stable business development of the company. The term of office begins on the date of review and approval by the board of directors and ends on the day the shareholders' meeting elects the fourth board of directors. At the same time, Hong Jiancang was nominated by the nomination committee of the 3rd board of directors of the company and appointed as the general manager of the company. The term of office starts from the date of review and approval by the board of directors and ends on the day the shareholders' meeting elects the fourth board of directors.

Jin Hongshun announced on January 5 that the company held the 25th meeting of the 3rd board of directors and the 27th meeting of the 3rd board of directors on November 24, 2025 and December 15, 2025, respectively. Among them, Liu Xu, chairman and general manager, was absent from the above two board meetings due to personal reasons. Furthermore, Liu Xu has not performed on-site duties at the company since the end of September 2025, and is unable to guarantee sufficient energy to participate in the company's operations and management. According to the “Articles of Association” and relevant laws and regulations, the board of directors believes that Liu Xu is no longer able to properly perform the corresponding duties of the chairman and general manager. In order to ensure the normal operation of the company's board of directors and the normal operation of the company, the board of directors proposed removing Liu Xu from the position of chairman and general manager at the same time. After removing Liu Xu from the post of chairman, Hong Jiancang was elected as the chairman of the 3rd board of directors of the company in order to ensure the compliant operation of the board of directors and the continuous and stable business development of the company. The term of office begins on the date of review and approval by the board of directors and ends on the day the shareholders' meeting elects the fourth board of directors. At the same time, Hong Jiancang was nominated by the nomination committee of the 3rd board of directors of the company and appointed as the general manager of the company. The term of office starts from the date of review and approval by the board of directors and ends on the day the shareholders' meeting elects the fourth board of directors.