Announcement on the Release and Pledge of Shares by Controlling Shareholder, Actual Controller, and Their Concerted Parties
The Company and the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or material omissions.
Fujian Ashi Innovation Materials Co., Ltd. (hereinafter referred to as the "Company") recently received a notice from Mr. Chen Qinzong, one of the Company's controlling shareholders and actual controllers, and Fuzhou Kaito Investment Co., Ltd. (hereinafter referred to as "Kaito Investment"), one of the controlling shareholders' concerted parties. It is hereby announced that Mr. Chen Qinzong and Kaito Investment have completed share release and pledge transactions for a portion of their holdings in the Company. The specific matters are as follows:
I. Share Release by Shareholders