Office closings, travel restrictions and required quarantines implemented in China has caused significant slowdown of China’s economic growth and could further adversely affect China’s economy resulting in an economic downturn.

filing / May 14, 2026 / receipt

In addition, non-employee directors are entitled to receive reimbursement of their actual travel expenses for each board meeting attended.

filing / May 14, 2026 / receipt

Directors and Named Executive Officers: Zheyuan Liu, CEO (3) - - Weilin Zhang, CFO and Director - - Yefang Zhang, Director and Chairwoman of the Board (4) 1,142 * Mengqi Liao, Independent Director - - Shudong Wang, Independent Director - - Hongdao Qian, Independent Director - - All directors and executive officers as a group ( six ( 6 ) persons) 1,142 * * Less than 1%.

filing / May 14, 2026 / receipt

Weilin Zhang has served as our Chief Financial Officer since July 2019 and as a member of our board of directors since December 2024.

filing / May 14, 2026 / receipt

We have reserved 406 m 2 for additional office space. Our research and development center consists of 2,510 m 2 , of which we use 1,000 m 2 for charcoal products R&D at present.

filing / May 14, 2026 / receipt

Mengqi Liao | 33 | Director (Independent)

filing / May 14, 2026 / receipt

Zheyuan Liu | 33 | Chief Executive Officer

filing / May 14, 2026 / receipt

Weilin Zhang | 59 | Chief Financial Officer and Director

filing / May 14, 2026 / receipt

Yefang Zhang | 61 | Director and Chairwomen of the Board

filing / May 14, 2026 / receipt

Hongdao Qian | 64 | Director (Independent)

filing / May 14, 2026 / receipt

Shudong Wang | 77 | Director (Independent)

filing / May 14, 2026 / receipt