CHUANG'S CHINA (00298) strongly condemns the publication of defamatory articles.

CHUANG'S CHINA (00298) issued a notice that the company has noticed multiple defamatory articles on various social media platforms in China containing derogatory comments about the company, Mr. Zhuang Shaosui, Mr. Zhuang Jiabin, and/or the group. These defamatory articles mainly repeat various civil lawsuits filed by Ms. Zhou in Chinese courts over the years, all of which have been dismissed and lack legal basis. The board strongly condemns the publication of these defamatory articles, which are malicious and intended to harass Mr. Zhuang Shaosui, Mr. Zhuang Jiabin, and the group. The board reaffirms that, apart from Changsha Group, no director of the group or the company has any investment relationship with these shareholders. Over the years, the group has always complied with all regulatory, financial, and tax laws related to Changsha Group. For many years, all civil lawsuits filed by Ms. Zhou against the group and former directors have been baseless and lack any substantive content, and have either been dismissed by the court or withdrawn by her. Ms. Zhou has even used documents that the court subsequently found to be untrue or inconsistent with the facts established in other court judgments to make unfounded accusations against the group.