Being applied for enforcement of 5.91 billion yuan, Huaxin Trust responds: No substantive impact.

Huaxin Trust issued a statement on July 30th, stating that recently, the company noticed that some self-media had reported that Huaxin Trust had been applied for compulsory execution of 591 million yuan. The matter involved in the report is a single fund management project that Huaxin Trust has historically developed. Due to the business cooperation needs, Huaxin Trust, on behalf of a single client, accepted the stock pledge guarantee provided by the counterparty. In this execution matter, Huaxin Trust only needs to cooperate to release the stock pledged by the counterparty, without involving any cash payments or other monetary debt obligations. The statement also mentioned that this matter is a transaction-related operation handled by Huaxin Trust as the trustee of a single fund trust, on behalf of the client and the counterparty for the release of the stock pledge. It is within the normal business scope and does not have any substantial impact on Huaxin Trust's daily operation and business development.