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8. Proposal Regarding the Fact that the Company’s Current Transaction Does Not Constitute a Reorganization Listed under Article 13 of the Measures for the Administration of Major Asset Restructuring of Listed Companies

2022 Document No. 8 of the Second Extraordinary General Meeting of the Year

Proposal Regarding the Fact That the Company’s Current Transaction Does Not Constitute a Reorganization Listed under Article 13 of the Measures for the Administration of Major Asset Restructuring of Listed Companies

Dear Shareholders:

For the 36 months prior to this transaction, the company’s controlling shareholder has consistently been Dalian Bingshan Group Co., Ltd. Upon completion of this transaction, the company’s controlling shareholder will remain unchanged; therefore, this transaction does not constitute a backdoor listing and does not fall under any of the circumstances set forth in Article 13 of the Measures for the Administration of Major Asset Restructuring of Listed Companies.

Please review the above report.

2022 November 1st, Year