Juli Rigging announced that the company previously reviewed and passed a bill to cancel the wholly-owned subsidiary Xushui County Juli Steel Structure Engineering Co., Ltd. Recently, the subsidiary has completed industrial and commercial deregistration procedures, and after the cancellation is completed, it will no longer be included in the scope of the company's consolidated statement. The cancellation will not have a significant adverse impact on the company's overall business development and financial situation in the future, and there will be no harm to the interests of the company or all shareholders.

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