Red Bean Corporation: 86 million shares held by the controlling shareholder have been judicially frozen.

Red Bean Corporation announced that the company's controlling shareholder, Red Bean Group, holds 1.353 billion shares of the company, accounting for 59.03% of the total share capital. Of this, 860 million shares are currently under judicial freeze, representing 63.60% of their total holdings and 37.55% of the total share capital; 2.462 billion shares are under provisional freeze, representing 182.00% of their total holdings and 107.44% of the total share capital. Red Bean Group and its concerted parties collectively hold 1.425 billion shares, accounting for 62.17% of the total share capital; of this, 878 million shares are under judicial freeze, representing 61.63% of their total holdings and 38.32% of the total share capital. As of the disclosure date of the announcement, the company's production and operation are normal, and the current share freeze has no significant impact on the company.