Fushiholdings: Chairman and General Manager Chen Yongliang has been detained and changed to be under investigation.

Fukushi Holdings announced that the actual controller, chairman and general manager, Chen Yongliang, has been placed under detention. Recently, the company received a notice from a certain national supervisory committee stating that Chen Yongliang's detention measure has been changed to an obligation to await investigation measure. Currently, Chen Yongliang is able to fulfill his duties as chairman and general manager of the company normally, and the company's production and operation are proceeding as usual.