Zhonghuan Group: Actual Controller Li Yu Passed Away

Zhonghuan Co., Ltd. announces that the company’s actual controller, Mr. Li Yu, passed away due to illness on February 25, 2026. Mr. Li Yu held 53,601,400 shares of the company, accounting for 51.76% of the total share capital. After Mr. Li Yu’s passing, the shares he held will be handled in accordance with relevant laws and regulations.

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