According to the announcement of Shuiyang Co., Ltd., the company's total share capital recently increased from 399,172,295 shares to 414,952,311 shares, and the total shareholding ratio of controlling shareholder Yujia Investment and actual controller Dai Yuefeng and his co-operator, Sha Ting Ting, was passively diluted from 44.9715% to 43.2613%, touching an integer multiple of 1%, and the number of shares held remained unchanged. This change in equity does not involve an increase or decrease in holdings, etc., and will not affect the stability of the company's control and continued operation.

According to the announcement of Shuiyang Co., Ltd., the company's total share capital recently increased from 399,172,295 shares to 414,952,311 shares, and the total shareholding ratio of controlling shareholder Yujia Investment and actual controller Dai Yuefeng and his co-operator, Sha Ting Ting, was passively diluted from 44.9715% to 43.2613%, touching an integer multiple of 1%, and the number of shares held remained unchanged. This change in equity does not involve an increase or decrease in holdings, etc., and will not affect the stability of the company's control and continued operation.