Hunan Feiwo New Energy Technology Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the information disclosed is true, accurate, complete, and does not contain any false records, misleading statements, or significant omissions.
Recently, the Company received a notification from its controlling shareholder and actual controller, Mr. Zhang Youjun, regarding the release of a pledge on part of the shares he holds. The relevant procedures have been completed with the China Securities Depository and Clearing Corporation Limited. The specific matters are as follows: