Yakai International: Chairman Guo Baochun is detained on suspicion of embezzlement and abuse of power.

Yakai International announced today that it has received a "detention notice" issued by the People's Procuratorate of the Ningxia Hui Autonomous Region provided by the family members of Chairman Guo Baochun. Chairman Guo Baochun has been criminally detained on suspicion of embezzlement of public funds and abuse of power. This incident is only related to Chairman Guo Baochun personally and has no relation to the company. Currently, the company's production and operation are normal, the board of directors is operating normally, and daily operations are managed by the management team. There has been no change in the ownership of the company, and all work is progressing steadily.