Kaidi Ecological Environment Technology Co., Ltd. (hereinafter referred to as "the Company") disclosed the "Pre-disclosure Announcement on Huabao Trust Co., Ltd.'s Share Reduction" (Announcement No.: 2020-99) on October 29, 2020, through the Giant Tide Information Network. Due to the lack of shareholder commitments and performance details, as well as relevant risk warnings in the document sent by Huabao Trust Co., Ltd. on October 28, the Company is issuing this supplementary announcement regarding the share reduction.
For details on Huabao Trust Co., Ltd.'s share reduction, please refer to Announcement No. 2020-99.