Country Garden Group: Chairman and CEO Huang Qisen has been placed under judicial detention on suspicion of violating the law.

On August 22, Taihe Group announced that the Board of Directors of Taihe Group Co., Ltd. recently learned that the Chairman and General Manager of the company, Mr. Huang Qisen, was placed under coercive measures by the Supervisory Committee of Xinmin City, Liaoning Province, for suspected violations of law. As of the date of this announcement, the company's assets are frozen and sealed, which will have a certain impact on the company's operations. In addition, the company is operating normally according to the original organizational structure and management system, and all business activities are still ongoing as usual.