Red Star Macalline issued a clarification announcement, and the company has recently paid attention to the media reports such as "Red Star Macalline Bankruptcy" and "Red Star Macalline is liable for 32.5 billion yuan for Red Star Macalline Group Corporation's 2nd debt", confusing the names of the company and Red Star Holdings, and the content of the report is untrue. In order to avoid misleading investors and protect their interests, the company hereby clarifies: the company and Red Star Holdings are independent in terms of business, personnel, assets, institutions, finance, etc., and the company has an experienced and stable professional management team, and Red Star Holdings' restructuring application will not lead to changes in the controlling shareholders and actual controllers of the company, nor will it have a significant impact on the daily operation and financial situation of the company.