Haorsai: the company was fined 7 million yuan for unit bribery crime.

Horse public announcement, the company received a criminal judgment from the people's court of Xinzhou District, Wuhan City, Hubei Province. The company was found guilty of committing bribery and was fined 7 million RMB. The former chairman and general manager of the company, Dai Baolin, was found guilty of committing bribery and was sentenced to three years in prison, suspended for four years, and fined 3 million RMB. The illegal proceeds of 21,516,124.39 RMB have been recovered and turned over to the national treasury. The company has paid a total of 28,516,124.39 RMB in fines and confiscated illegal proceeds, accounting for 15.90% of the net profit attributable to the company's parent company shareholders in the most recent audited period.