Farewell Win: intends to issue stocks to specific targets to raise funds of no more than 310 million yuan.

Faulsheng Announcement: The company plans to issue shares to its controlling shareholder, Hongsheng Group, raising a total of no more than 310 million yuan. The net proceeds from the issuance, after deducting issuance costs, will be used entirely for supplementing working capital and repaying loans. The issuance price is 2.48 yuan per share, with a maximum subscription of 125 million shares, not exceeding 30% of the company's total pre-issuance share capital. The shares subscribed by Hongsheng Group cannot be transferred within 36 months from the end of the issuance. After the completion of this issuance, Hongsheng Group's direct ownership of the company's shares will increase to 43.62%, and there will be no change in the company's controlling shareholder and actual controller.