Huazhi Industrial: Li Yanyong resigns from the positions of Chairman of the company and others.

Huazhi Industry announced on July 17th that the Board of Directors recently received a written resignation report from Li Yanyong. Due to work adjustments, Li Yanyong applied to resign from the positions of Chairman, Director, and Legal Representative, and will serve as a senior advisor after resignation. Li Yanyong's resignation report will take effect from the date of delivery to the Board of Directors. The company will, in accordance with relevant regulations, complete the election of the Chairman and Legal Representative of the company as well as the supplementary election of the Board of Directors' special committees as soon as possible according to legal procedures.