Legal Information: Controlling shareholder Yan Hua has lifted the pledge on 15 million shares.

Faben News Announcement: The company's controlling shareholder and actual controller Yan Hua recently completed the registration procedures for the removal of pledges, involving 15 million shares, accounting for 14.22% of the shares held by him and 3.50% of the total share capital of the company. As of the disclosure date of the announcement, Yan Hua's cumulative pledged shares amount to 18 million, accounting for 17.06% of the shares held by him and 4.20% of the total share capital of the company. The company stated that there is no risk of forced liquidation or forced transfer of the shares pledged by Yan Hua. The company will continue to monitor the changes in the pledged shares and risks, and fulfill its disclosure obligations.