Huaren Pharmaceutical: Chairman Zhang Li under surveillance placed under house arrest, has recommended director Hou Ruipeng to act on his behalf.

Hua Ren Pharmaceutical announced that the company's board of directors recently received the resignation report from the company's chairman, Mr. Zhang Li. Zhang Li applied to resign from the positions of chairman of the eighth board of directors of the company and legal representative for personal reasons. The company recently received a "Residential Surveillance Decision" from the Zhouzhi County Public Security Bureau, which is a personal matter for the company's chairman Zhang Li and is not related to the company or its business in any way. Chairman Zhang Li's resignation from the positions of chairman and legal representative for personal reasons is unrelated to the company's business. The company has elected director Hou Ruipeng to assume the responsibilities of chairman and plans to complete the re-election of the chairman as soon as possible.