Beida Pharmaceuticals: Chairman Xu Xiren has been approved for arrest by the Jiangbei District People's Procuratorate of Chongqing on suspicion of criminal offenses.

Beida Medical announced that its chairman and president, Xu Xiren, has been arrested by the Jiangbei District People's Procuratorate of Chongqing on suspicion of criminal activities. Currently, the duties of the chairman are being carried out by director Chen Yuezhong, and the duties of the president and legal representative are being carried out by executive vice president Yu Mengchuan. The company's control has not changed, the board of directors is operating normally, and the financial and production management is normal. The company will continue to monitor and fulfill its disclosure obligations.