Jiu Zhiyang: Chairman Guo Liangxian resigns, Li Haibo elected as non-independent director.

Announcement: Guo Liangxian, Chairman of the company, has resigned from all positions in the company and its subsidiaries due to work adjustment. Li Haibo has been elected as a non-independent director for the fifth board of directors, with a term ending at the expiration of the fifth board of directors. Meanwhile, Director and General Manager Hong Pu will serve as acting Chairman until a new Chairman is appointed.