Hengfeng Information: Actual controller Ou Linjie is detained on suspicion of serious violations of the law

Hengfeng Information announced that on April 25, the company received a notice that its actual controller, Vice Chairman and President, Ou Linjie, was put under detention by the Minhou County Supervisory Committee for suspected serious violations of laws and regulations. As of the date of disclosure of this announcement, the company has not been required to assist in the investigation. Currently, the company’s legal representative, actual controller and chairman, Wei Xiaoxi, are presiding over the work. The company has a sound organizational structure and a standardized governance system; all other directors and senior management personnel are performing their duties normally, the board of directors is operating normally, and production and operation management is normal. The above matters will not have a material impact on the company’s normal production and operation. The company will continue to monitor the subsequent developments of this matter and, in accordance with regulations, promptly fulfill its information disclosure obligations.