King & Wood Mallesons responds to the "founder's explosion" rumors: do not believe rumors, do not spread rumors.

Recently, there have been hot posts on Xiaohongshu (a popular social media platform in China) pointing to the founder of Yingke Law Firm, Mei Xiangrong, for financial guarantee fraud. A legal consultant from Yingke Law Firm in Beijing responded by saying, "As employees, we have not heard about this. We saw Mr. Mei attending a meeting yesterday. We choose not to believe or spread rumors. Yingke is operating as usual, and there have been no notices issued by the office."