On June 5th, Gelunhui announced that after careful consideration of the audit fee, the Board of Directors recommended that Ernst & Young LLP retire as the company's auditor at the end of their current term at the annual meeting of shareholders, and will not be reappointed as the company's auditor at the upcoming annual meeting of shareholders.

According to the recommendation of the Audit Committee, the Board of Directors hereby announces that it has resolved to appoint Hong Kong Li Xin Dehao as the new auditor of the company after Ernst & Young retires, effective from the end of the current term at the annual meeting of shareholders, until the end of the next annual meeting of shareholders, subject to approval by the shareholders at the upcoming annual meeting of shareholders.