According to the announcement of the Hirota Group, Hirota Holding Group Co., Ltd., which holds more than 5% of the company's shares, was judicially enforced due to losing a loan contract dispute. The court plans to dispose of no more than 37.5 million shares of the company through centralized bidding transactions within 90 days after disclosure of the announcement, accounting for 1% of the company's total share capital and 4.90% of the shares held by Hirota Holdings and its co-actors. The shares to be executed are pre-initial public offering of Hirota Holdings and were registered as pledges in June 2022. The current execution of shares will not lead to a change in the company's control, nor will it have a significant impact on the company's governance structure and production and operation. There is uncertainty about the timing, quantity and price of changes in shares.

According to the announcement of the Hirota Group, Hirota Holding Group Co., Ltd., which holds more than 5% of the company's shares, was judicially enforced due to losing a loan contract dispute. The court plans to dispose of no more than 37.5 million shares of the company through centralized bidding transactions within 90 days after disclosure of the announcement, accounting for 1% of the company's total share capital and 4.90% of the shares held by Hirota Holdings and its co-actors. The shares to be executed are pre-initial public offering of Hirota Holdings and were registered as pledges in June 2022. The current execution of shares will not lead to a change in the company's control, nor will it have a significant impact on the company's governance structure and production and operation. There is uncertainty about the timing, quantity and price of changes in shares.