Hunan Investment Group Announcement: The state-owned equity of the controlling shareholder, Huanlu Group, has been transferred to Jiaotou Group, and the business registration procedures have been completed. After this change, Huanlu Group remains the controlling shareholder of the company, and Jiaotou Group becomes the indirect controlling shareholder. The actual controller of the company remains Changsha State-owned Assets Supervision and Administration Commission. Subsequently, Changsha State-owned Assets Supervision and Administration Commission intends to transfer all the equity of Jiaotou Group it holds without compensation to Changsha Investment Holdings Group Co., Ltd., changing the actual controller of the company from Changsha State-owned Assets Supervision and Administration Commission to Changsha Municipal People's Government.