Dongfang Yuhong announced on December 23 that the company recently learned that OYH Construction Materials LLC, a wholly-owned US subsidiary of the company, is suspected of being involved in telecom fraud, involving about US$1,7183,000. OYH Building Materials was scammed by criminals when paying construction project progress payments to the general contractor. After detecting suspected telecom fraud, OYH Building Materials has reported the case to the local police Harris County Sheriff's Office and the W Woodstock Police Department, and has also reported the case to the US Federal Bureau of Investigation FBI. The company will fully cooperate with the local police to avoid losses to the greatest extent possible. After preliminary investigation, this incident was an occasional independent incident and will not have a significant adverse impact on the normal production and operation of the company. At the same time, in response to this matter, the company has set up a special working group to visit the subsidiary company to carry out incident investigation, aftercare, and risk management work.

Dongfang Yuhong announced on December 23 that the company recently learned that OYH Construction Materials LLC, a wholly-owned US subsidiary of the company, is suspected of being involved in telecom fraud, involving about US$1,7183,000. OYH Building Materials was scammed by criminals when paying construction project progress payments to the general contractor. After detecting suspected telecom fraud, OYH Building Materials has reported the case to the local police Harris County Sheriff's Office and the W Woodstock Police Department, and has also reported the case to the US Federal Bureau of Investigation FBI. The company will fully cooperate with the local police to avoid losses to the greatest extent possible. After preliminary investigation, this incident was an occasional independent incident and will not have a significant adverse impact on the normal production and operation of the company. At the same time, in response to this matter, the company has set up a special working group to visit the subsidiary company to carry out incident investigation, aftercare, and risk management work.