Kangsheng Co., Ltd. announced that Wang Yajun, the chairman and general manager of the company, was released on bail awaiting trial by the judicial authorities, but this did not affect his performance of duties. It was verified that the matter did not involve the company's production and operation activities, nor did it involve the company's business, assets, or important matters that should have been disclosed but not disclosed. As of the disclosure date of this announcement, Wang Yajun was able to perform the duties of chairman and general manager normally, the company's board of directors is operating normally, and various management activities are being carried out in an orderly manner.

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