Statement by Hongli Zhihui Group on Clarification of Guangzhou Hongli Suntec Technology Co., Ltd. Related Matters

Based on relationship between Hongli Zhihui Group Co., Ltd. (hereinafter referred to as "our company") and Guangzhou Hongli Suntec Technology Co., Ltd. (hereinafter referred to as " Hongli Suntec ") and Jiangsu Hengfeng Suntec Technology Co., Ltd. (hereinafter referred to as " "Jiangsu Hengfeng Suntec"), our company hereby declares as follows.

1. At present, although our company is a shareholder of Hongli Suntec and holds 25% of the shares of Hongli Suntec, our company has not actually participated in the operation and management of Hongli Suntec, and plans to withdraw from the equity of Hongli Suntec.

2. Hongli Suntec defaulted on multiple sums of payment to our company, and has infringed our shareholders' right to know, etc. Our company has claimed legal rights to Hongli Suntec through litigation and other methods in accordance with the law. Our company intends not to conduct any business cooperation with Hongli Suntec. Hongli Suntec shall not use the name of our company or our company's affiliates to conduct any external publicity activities, contract business or carry out any commercial activities, nor use our company's trademarks, trade names and related information. If Hongli Suntec infringes on the legitimate rights and interests of our company in the follow-up, our company reserves the legal right to pursue legal liabilities in accordance with the law.

3. Our company and Jiangsu Hengfeng Suntec (the legal representative is Tingyong Ma) do not have any associated relationship and do not have any business contacts. Jiangsu Hengfeng Suntec and its legal representative shall not use the name of our company or our company's affiliates to conduct any external publicity activities, contract business or carry out any commercial activities, nor use our company's trademarks, trade names and related information. All consequences caused by the actions performed by the relevant subject will be borne by the implementing subject. If there is any violation of the legal rights and interests of our company, our company reserves the legal right to pursue legal liabilities in accordance with the law.

Source: Hongli Zhihui Group Co., Ltd.

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