Jin Hongshun: Shareholders with more than 5% ownership propose to remove Liu Xun from the position of non-independent director.

Jin Hongshun announced that Gaode Investment Co., Ltd., a shareholder holding more than 5% of the shares, holds 15% of the shares, submitted an interim proposal to the board of directors on December 21, 2025, proposing that the second interim shareholders' meeting of 2025 review. The proposal stated that Chairman Liu Xu had been absent from two board meetings due to personal reasons and had not been present at the company site since the end of November 2025, proposing to remove him from his position as non-independent director, among others. In addition, the meeting will also consider the election of Zhang Zhenzhi as an independent director of the third board of directors. The second interim shareholders' meeting of 2025 will be held on December 31, with the record date of December 26.