Chengxing Shares: Intends to pledge accounts receivable of 402 million yuan.

Chengxing Corporation Announcement: Due to the relocation and cancellation of property and land certificates of the company and its wholly-owned subsidiary Chengxing Daily Chemicals, as well as the need for subsequent financing, it is planned to pledge a portion of accounts receivable to Jiangsu Asset Management Co., Ltd. The pledged accounts receivable amount to 30% of the total relocation compensation, totaling RMB 402 million. This is aimed at releasing the mortgage on some properties and land within the relocation scope of the company and Chengxing Daily Chemicals that have already been pledged to Jiangsu Asset, and releasing the mortgage on 97 sets of machinery and equipment that have been pledged to Jiangsu Asset as guarantees for the company's debts with Xuanwei Phosphate. This proposal has been approved by the board of directors and still needs to be submitted for shareholder approval at the general meeting.