Glonghui Group Holdings (08079.HK) issued an announcement on December 6. On December 1, 2023, the board of directors has been notified by Chen Ende, the controlling shareholder of the company, that he has received a letter with the date that Ma Demin and Li Yinglin (“receivers”) of Kaijin Enterprise Consulting Co., Ltd. have held more than 181 million common shares of the company and Zhuang Shizhe (together with Baofeng, collectively referred to as “depositors”), hold 43 million common shares of the company (collectively “depositary shares”) It accounts for approximately the total number of shares issued by the company as of the date of this announcement 43.23%) Appointed as joint and individual receivers on the same day.

Trading of the Company's shares on the Stock Exchange has been suspended since 9:00 a.m. on December 4, 2023, pending publication of this announcement. The company has applied to the Stock Exchange for the Company's shares to resume trading on the Stock Exchange starting at 9:00 a.m. on December 6, 2023.