Zhongrong Holdings: The actual controller, chairman, and general manager Huang Huanran is under residential surveillance.

Zhongrong Holdings announced on the evening of May 13 that the company recently received a notification from the family of its actual controller, chairman, and general manager, Huang Huanran, that he has been placed under residential surveillance by the Zhongshan Public Security Bureau. Currently, the company has made proper arrangements for related work, and apart from Huang Huanran, all other directors, supervisors, and senior management personnel of the company are performing their duties normally. The company's board of directors is functioning normally. The production and operation order of the company and its subsidiaries is normal, and the above-mentioned matters will not have a significant impact on the company's normal production and operation.