Yongxing Corporation: Chairman Zhang Xueqiu resigns due to reaching the statutory retirement age.

Announcement from Yongxing Company: The Board of Directors has received a written resignation report from the Chairman, Zhang Xueqiu. Zhang Xueqiu, due to reaching the statutory retirement age, has applied to resign from the positions of Chairman of the Board, Director, and the special committees under the Board of Directors. After resigning, Zhang Xueqiu will no longer hold any other positions in the company. In accordance with relevant regulations such as the Company Law and the Company's Articles of Association, Zhang Xueqiu's resignation report will take effect from the date of delivery to the Board of Directors. His resignation will not result in the number of Board members falling below the statutory minimum, and will not affect the normal operation of the Board of Directors. As of the date of this announcement, Zhang Xueqiu does not hold any shares in the company.