Ruimao Tong: Controlling shareholder's shares are subject to freeze.

Rui Maotong announced on March 18th that the company recently learned that the shares held by its controlling shareholder, Zhengzhou Rui Maotong, have been frozen. Zhengzhou Rui Maotong's shares that were frozen amount to 5.59 billion shares, accounting for 100.82% of its total shareholding and 51.44% of the company's total share capital. According to information provided by Zhengzhou Rui Maotong, as of the date of the announcement, the company is in arrears and does not have a corporate or debt rating. The company and its indirect controlling shareholder, Zhengzhou Zhongrui Industrial Group Co., Ltd., have terminated their credit rating.