According to the Pingzhi Information announcement, after self-inspection, the company decided to additionally confirm the related fund loans and related guarantees that occurred in 2023 and 2024 with related party Guo Qing and Zhang Hui, the co-actor. In 2023, 197 million yuan was transferred to Guo Qing and Zhang Hui, and 289 million yuan was transferred to Guo Qing in 2024; Guo Qing and Zhang Hui received guarantees of 697 million yuan and 493 million yuan respectively. The above transaction was reviewed and approved by the board of directors and other meetings on July 30, '26. It does not constitute a major asset restructuring, complies with regulations, and does not harm shareholders' interests.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.