Chuanhua Zhiliang Co., Ltd. (hereinafter referred to as "the Company") and all members of the board of directors guarantee that the content of this information disclosure is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
I. Situation of the Election of Employee Director
The eighth board of directors of Chuanhua Zhiliang Co., Ltd. is about to expire. In accordance with the Company Law of the People's Republic of China (hereinafter referred to as "the Company Law"), the Shenzhen Stock Exchange Listing Rules, and relevant laws and regulations as well as the provisions of the Articles of Association, the Company has initiated the election process for the new board of directors. The ninth board of directors will consist of 5 non-independent directors, 3 independent directors, and 1 employee director, who will be elected by the employee representative assembly.