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On August 4th at noon, Liqin Resources announced on the Hong Kong Stock Exchange in order to avoid any potential confusion that may affect the company's shareholders and potential investors, the company verified with Ms. Fei Feng and based on her response, hereby clarifies that the reduction of holdings is based on the employee stock platform held by the company, in accordance with the terms of its partnership agreement and related stock incentive plan, reducing the H shares held. Ms. Fei, as a general partner of the employee stock platform, has submitted an equity disclosure form regarding the reduction of rights resulting from the reduction of holdings. The reduction does not pertain to Ms. Fei's direct shareholding reduction, and her rights as the beneficial owner remain unchanged. As of the date of this announcement, Ms. Fei, as a shareholder of the company, continues to directly hold 7,804,500 shares in the company. As one of the company's original shareholders, Ms. Fei firmly supports the company's development, maintains full confidence in the company's future prospects, and trusts the company's management fully.
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