Zhitong Financial APP News, Yihe Holdings (00838) clarified the announcement in response to an article recently circulated on the Internet about the alleged content of a meeting held by four management personnel of certain member companies of the group on November 8, 2021. The article pointed out that the relevant participants at the meeting discussed some of the performance objectives of the Group, the current and expected business performance of the Group and its customers, as well as some strategic business development plans made with the Group's business partners on the Group's auto parts business segment.

After making all reasonable enquiries, the company hereby clarifies its position on the article as follows:

1. The article has not been authorized and verified by the board of directors, and the content of the article does not accurately reflect the actual performance or operation of the group, nor does it represent the views of the board of directors.

two。 The company confirmed that on November 8, 2021, a number of management staff of the group held a conference call with several Chinese market analysts. At the relevant conference call, the relevant management staff discussed the overall performance of the Group's business divisions, including the Group's auto parts business segment. The Board would like to clarify that anything discussed in the ╱ or articles during the conference call is the subjective opinion of the participants and does not accurately reflect the actual operation of the Group, nor does it represent the views of the Board.

3. The article describes a number of performance targets (including sales target, sales revenue target, year-on-year growth target and profit margin) that the Group will achieve in the current and future financial years. The Board would like to clarify that it has not made and has no intention to make any profit forecasts relating to the Group's performance and that the objectives set out in this article are subjective and have not been verified by the Board and do not represent the views of the Board.

4. The article contains certain financial information (including sales data and profit margin) of the Group for the current financial year ended 31 December 2021. The Board would like to clarify that the current financial year has not yet ended and the relevant information contained in the article does not accurately reflect the actual performance or operation of the Group. Any financial information of the Group is subject to audit by the Company's auditors and approval by the Audit Committee of the Board, and the actual results of the Group for the financial year ended 31 December 2021 will be published in the company's annual report in due course in accordance with the listing rules.

5. The article presents an overall assessment of the business and performance of some of the Group's customers and business partners. The Board would like to clarify that the assessment contained in this article is purely subjective and has not been verified by the Board and does not represent the views of the Board.

6. The article describes the projects carried out with some of the Group's customers, and the Group has discussed with a number of customers and market participants on a number of strategic business development plans. The situation does not accurately reflect the status of the Group's actual or potential projects, but the Company acknowledges that the Group has been discussing potential cooperation opportunities with a number of business partners, but would like to clarify that for the potential projects currently in the negotiation stage mentioned in this article, no binding agreement has been entered into as of the date of this announcement. There is no guarantee that the relevant consultations will be implemented or that an agreement will eventually be reached.

The company will conduct an internal investigation into the source of the statements contained in the article and will seek legal advice to take legal action against any unauthorized use of group confidential information, the announcement said. The company will also continue to strengthen its corporate governance policies and internal controls to ensure that its employees comply with the company's best practice rules and guidelines.