CHINA BEST (00485): Daron and Prince Hill have not reached an agreement on reconciliation, and Prince Hill currently has no intention of appointing any successor to the share pledge.

CHINA BEST (00485) has announced the release of information regarding the pledge of shares and sale of company shares as well as the appointment of a receiver for the removal of pledged shares. The company has been informed that Dajung is in negotiations with Prince Hill on a settlement plan. As of the date of this announcement, Dajung and Prince Hill have not reached an agreement on the settlement and Prince Hill currently has no intention to appoint any receiver for the pledged shares.