Hebai Group announced that the board of directors of the company recently learned that Mr. Yu Yi, the deputy general manager, unfortunately passed away. As of the disclosure date of the announcement, Mr. Yu Yu did not hold shares in the Company, nor did he have any promises that should have been fulfilled but not fulfilled. The company's directors and senior management will continue to work for the company's development, and the company's production and operation activities will not be affected by this.

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