This afternoon, Ma Liu Ji's official Weibo post “Information Note on Cooperation Payments with Ah Kuan Foods” stated that our company and Ah Kuan Foods have a long-term friendly cooperative relationship, and that all business dealings between the two parties are carried out in accordance with a formal contract, which clearly stipulates the credit limit and settlement period. The accounts receivable mentioned in the report are not equal to “arrears,” but are normal phased accounts within the cooperation period between the two parties. Within the agreed billing period and credit scope of the contract, the relevant repayments are currently progressing normally in accordance with the cooperation process. Ma Liu Ji said, “In order to further optimize the product supply chain and stabilize the quality control system, since mid-late August this year, Ma Liuji's own production plant has officially been put into operation, and some products have gradually switched to independent production. In the future, our company will continue to operate steadily, fulfill contracts in accordance with regulations, and steadily advance business docking and settlement work with various partners.”

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