Feilong Co., Ltd. announced that on July 29, 2026, Bian Hong, an independent director of the company, received the “Advance Notice of Administrative Penalties” from the Hubei Regulatory Bureau. Bian Hong was an independent director of Gaosheng Holdings, which has already been delisted. The Hubei Supervisory Authority plans to warn him and fine him 500,000 yuan because Gaosheng Holdings is suspected of disclosing information illegally. Bian Hong has been an independent director of the company since May 2026. This penalty has nothing to do with the company and does not affect daily operations. The company will continue to monitor progress and fulfill credit disclosure obligations.

Feilong Co., Ltd. announced that on July 29, 2026, Bian Hong, an independent director of the company, received the “Advance Notice of Administrative Penalties” from the Hubei Regulatory Bureau. Bian Hong was an independent director of Gaosheng Holdings, which has already been delisted. The Hubei Supervisory Authority plans to warn him and fine him 500,000 yuan because Gaosheng Holdings is suspected of disclosing information illegally. Bian Hong has been an independent director of the company since May 2026. This penalty has nothing to do with the company and does not affect daily operations. The company will continue to monitor progress and fulfill credit disclosure obligations.