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Lianxiang Co., Ltd.: There is no plan for a backdoor listing or any other situation that could lead to a change in the controlling shareholder or actual controller.
Lianxiang Co., Ltd. (stock) Trading Risk Disclosure Announcement
The company noticed that certain investors on relevant media platforms have made statements claiming that the company is prepared to be backdoored, or that there are other circumstances that could cause the controlling shareholder and/or the actual controller to possibly change, which has attracted market attention and discussion. After conducting an internal investigation and communicating and verifying with the controlling shareholder and the actual controller, the company found that the matters described in the rumors do not exist. In addition to the above situation, the company has not found any other media reports or market rumors that could have a material impact on the trading price of the company’s stock, nor has it been involved in any market hot-spot concepts.