Jinpu Titanium Industry: Actual controller Guo Jindong has been included in the list of dishonest persons subject to enforcement.

Jinpuy titanium industry announced that the company recently learned that the actual controller Guo Jindong has been included in the list of dishonest persons subject to enforcement. The two enforcement cases involved were handled by the Yuhuatai District People's Court of Nanjing and the Qixia District People's Court of Nanjing. The non-compliance included violations of the property reporting system, refusal to fulfill enforcement and settlement agreements without valid reasons, and refusal to fulfill legal obligations despite being capable of doing so. The announcement pointed out that Guo Jindong does not hold a position as a director or senior executive in the company, and this matter will not have a significant negative impact on the company's normal production and operation. However, Guo Jindong holds 74.74% of the shares of the controlling shareholder Jinpu Group, and as of the announcement date, all of the 145 million shares held by Jinpu Group in the company have been pledged and judicially frozen, with pending freeze status. If Jinpu Group is unable to repay its debts on time, it may lead to forced execution of the shares, resulting in changes in the controlling shareholder and actual controller, affecting the stability of the company's control rights.