The dismissal of the independent director of Reliable Corporation has caused controversy. Jing Naiquan responded exclusively: Reserving the right to take further legal action.

On February 25th, reliable corporation recently announced that its board of directors has approved a proposal to remove Mr. Jing Naiquan from the position of independent director, and has agreed to submit this matter to the company's shareholders meeting for approval. Regarding the controversy over the "dismissal of independent directors", Jing Naiquan responded exclusively to Sina Finance, stating, "I wrote in my opposing opinion, if it is to protect my personal reputation, I could just resign before the meeting convenes after receiving the notice of termination. I did not resign because I hope to provoke a discussion on the system, not for entertainment." Jing Naiquan also stated, "I reserve the right to take further legal action." He mentioned, "As I mentioned earlier, to get out of the vortex, I could simply resign before the meeting. I do not want the focus of the stock rights struggle and corporate governance to be on the discussion of my appointment or dismissal." Jing Naiquan believes that "the professionalism and independence of the reliable company's secretary in this case also clearly indicate a need for strengthening. Currently, the secretary system is being revised to enhance the secretary's ability to resist the rights of major shareholders."