Zhongfu Haixia (Pingtan) Development Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
On March 3, 2026, and March 19, 2026, the Company held the 11th Board of Directors' meeting and the first extraordinary shareholders' meeting of 2026, respectively, where the proposal for applying for bankruptcy liquidation of the controlling subsidiary was approved. The Company, as a creditor, has applied to the court for the bankruptcy liquidation of its controlling subsidiary, Zhongfu Haixia (Pingtan) Real Estate Co., Ltd. (hereinafter referred to as "Zhongfu Real Estate") (for details, see the announcement No. [2026-006] published on March 4, 2026, in the Securities Times and on the Giant Tide Information Network (www.cninfo.com.cn)).