Guotai Environmental: The controlling shareholder, actual controller, and chairman Chen Boxiao have been released from retention.

Guotai Environmental Protection announced that the company has received notification from the family of Chen Baixiao that he has received a "Notice of Release from Detention" issued by the Linping District Supervisory Committee of Hangzhou City. The Linping District Supervisory Committee of Hangzhou City has lifted the detention measure against Chen Baixiao. Currently, Chen Baixiao is able to resume his normal duties, and the director and general manager Xia Yukun will no longer perform the related duties on his behalf. The company's production and operation are normal.