Kairui De Holdings Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of this announcement is true, accurate, and complete, without false records, misleading statements, or significant omissions.
On June 24, 2020, the Company received a notice from the brokerage assisting in judicial execution, explaining the situation regarding the sale of stocks. It was learned that due to an operational error by the brokerage staff, during the judicial enforcement sale of stocks held by shareholder Mr. Zhang Peifeng, stocks were simultaneously bought through Mr. Zhang's account, constituting short-term trading.