Beinmei: Controlling Shareholders' Pre-Restructuring Plan Approved by Creditors' Meeting Vote

Beiing announced that the company has received a "Notice" issued by the interim administrator of the controlling shareholder Zhejiang Xiaobei Damei Holdings Co., Ltd., stating that the pre-reorganization plan of Xiaobei Damei Holdings has been approved by the creditors' meeting. If Xiaobei Damei Holdings implements the reorganization in the future, it may lead to changes in the equity of the company's shareholders, which could in turn lead to changes in the company's control. Currently, the company's production and operation are normal, and it is independent of the controlling shareholder in terms of business, personnel, assets, institutions, and finances.