CHINA TIANRUI (01252) establishes independent board committee and continues to suspend trading.

CHINA TIANRUI (01252) announced that on August 21, 2026, the company established an Independent Board Committee composed of all independent non-executive directors (namely, Mr. Mai Tiansheng (serving as the chairman of the Independent Board Committee), Mr. Kong Xiangzhong, and Mr. Zhang Yu) to lead and oversee the investigation (forensic investigation) related to prepayments and fund flows. Specifically, the Independent Board Committee shall: (a) be responsible for selecting and appointing an independent investigation agency with the requisite professional capacity (particularly forensic accounting skills) to conduct an independent forensic investigation; (b) oversee the overall planning, execution, and progress of the forensic investigation, ensuring that the scope of the investigation is comprehensive and the methods appropriate; (c) maintain regular communication with the investigation agency and the company's auditors to discuss the investigation results and ensure the forensic investigation addresses any outstanding issues identified during the audit process; (d) prudently review the draft and final investigation reports, assess the sufficiency of the forensic investigation, and determine whether the identified misconduct is an isolated incident or a systemic issue; (e) report the results of the forensic investigation and propose remedial measures to the board of directors; and (f) maintain communication with the Stock Exchange regarding matters related to the forensic investigation and respond directly to inquiries from the Stock Exchange to ensure independence. In addition, the company's shares continue to be suspended from trading.