Ningbo Fuda: The holding company's shareholding company is planning to liquidate and cancel the registration.

Ningbo Fuda announced that the 18th meeting of the 11th Board of Directors approved the proposal on the liquidation and cancellation of its subsidiary participation in Shangfeng Kehuan Company. It agreed that its subsidiary Ningbo Kehuan New Building Materials Co., Ltd. would cooperate with Zhejiang Shangfeng Building Materials Co., Ltd. to carry out liquidation and cancellation of Zhejiang Shangfeng Kehuan Building Materials Co., Ltd. This matter does not involve related party transactions, does not constitute a major asset restructuring, and does not require shareholder approval. The voting result was 7 in favor, 0 against, and 0 abstained.