On January 9, the Qinghai Financial Regulatory Bureau's website published a reply, approving Liu Yan's qualifications as general manager of Wukong International REITs Co., Ltd. The company is required to ensure that the personnel approved for the position strictly comply with the relevant regulatory provisions of the Financial Regulatory General Administration, must assume office within three months from the date this administrative license decision is made, and report their appointment status promptly as required. If the appointment is not made within the specified time limit, this approval document will become invalid, and the Qinghai Financial Regulatory Bureau will handle the cancellation of the administrative license.