Red Wall Corporation: There are no major issues that should be disclosed but have not been disclosed.

On May 11th, Hongqiang Group announced that the company's stock price had deviated by more than 20% from the closing prices on May 7th, May 8th, and May 9th, consecutively for three trading days, which is considered abnormal stock trading fluctuations. There have been no significant changes in the company's operations and internal and external operating environment recently. The company, its controlling shareholders, and actual controllers have not withheld any significant undisclosed information about the company or any major transactions in the planning stage. After verification, it was confirmed that during the abnormal stock price fluctuations, the company's controlling shareholders and actual controllers did not engage in buying or selling the company's stock.