Tai Mu Shi: Guangzhou State-owned Assets Supervision and Administration Commission will become the actual controlling shareholder of the company.

Taemu announcement, the controlling shareholder Xintai Investment, shareholder Taida Investment, Taixian Investment and Guangzhou Light Industry Group signed a "Stock Transfer Agreement", Xintai Investment intends to transfer its 32.8132 million shares of unrestricted tradable shares in the listed company held by Guangzhou Light Industry Group, accounting for 29.99% of the total share capital of the listed company. At the same time, the controlling shareholder Xintai Investment, shareholder Taida Investment, and Taixian Investment will give up their voting rights corresponding to a total of 23.1868 million shares of shares legally held by the listed company. If the implementation and completion of this share transfer is completed, the company's controlling shareholder and actual controller will change. Guangzhou Light Industry Group will become the company's controlling shareholder, and the Guangzhou State-owned Assets Supervision and Administration Commission will become the company's actual controller.