Wanli Stone: The shares held by the controlling shareholder and the actual controller have been frozen by the judiciary.

Announcement from Wanli Stone: The company's controlling shareholder and actual controller, Hu Jingpei, has had his shares in the company frozen by the judiciary. Specifically, this includes 14.835 million shares, accounting for 52.92% of his holdings and 6.55% of the total share capital of the company; 13.2 million shares, accounting for 47.08% of his holdings and 5.82% of the total share capital of the company. In addition, 28.035 million shares have already been pledged, representing 100% of his holdings. As of the disclosure date of the announcement, Hu Jingpei and his concerted action person, Xiamen Hafu Mining Co., Ltd., collectively hold 53.8496 million shares, with a total of 28.035 million shares being frozen, accounting for 12.37% of the total share capital of the company. The above-mentioned judicial freeze did not result in a change in the company's actual control, and did not have a significant adverse impact on the company's daily operations or corporate governance.