On the evening of October 16, the relevant person in charge of Hongdou Co., Ltd. said in response to the share release of the controlling shareholder's share pledge, that the company's production and operation are normal. “Currently, it is the peak clothing consumption season in the fourth quarter, and the market feedback is good. The company will continue to focus on its main business operations, steadily advance the development of various businesses, and fulfill its information disclosure obligations in a timely manner in accordance with regulations.”

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