Yinglova announced that in order to improve the efficiency of the use of idle own funds and increase profits, on January 18, 2023, its wholly-owned subsidiary Lianyu Electric and China Communications Trust signed the “China Communications Trust Tianyu No. 4 Single Fund Trust Trust” with 120 million yuan of idle capital to subscribe to China Communications Trust for a period of 12 months, with an expected annualized return of 5.35%. Based on daily tracking and attention, Lianyi Electric issued an instruction letter requesting early redemption of all trust financial management shares and received an interim information disclosure notice from the State Trust, indicating that there is significant uncertainty about the monetization of trust assets. As of the disclosure date of the announcement, Lianyi Electric has recovered a total of 4.3692 million yuan. There is a risk that the remaining payments will not be able to be paid on time or in full.