Ginwa Enterprise(Group) Inc. Announces that Mr. Xing Yajiang, the Chairman of the company, is currently under bail pending trial by the public security authorities from April 23, 2024 to July 26, 2024. It has been verified that in the previous period, due to other individuals being suspected of privately making other company seals unrelated to the company, the public security authorities filed an investigation. They confessed to the public security authorities that Mr. Xing Yajiang was aware of it and acted upon his instructions, resulting in Mr. Xing Yajiang becoming a suspect. On July 26, 2024, Hu Yi Sub-bureau of the Public Security Bureau of Xi'an issued a "Decision to Lift Bail Pending Trial" because the evidence against Xing Yajiang has changed and the existing evidence cannot prove that Xing Yajiang is a suspect. It was decided to lift the bail. During this period, the company's daily operations and management remained normal, and all work proceeded in an orderly manner. This matter did not affect the company's normal business operations and other business activities.