Yangfan New Materials announced on the evening of December 9 that the company received the “Notice of Release of Detention” issued by the Qingyuan County Supervisory Committee in Lishui City, Zhejiang Province, and that the Qingyuan County Supervisory Commission had lifted the lien measures against Fan Peiren. Currently, Fan Peiren, the controlling shareholder, one of the actual controllers and directors of the company, has been able to perform his duties as a director of the company normally, and the company's production and operation conditions are normal.

Yangfan New Materials announced on the evening of December 9 that the company received the “Notice of Release of Detention” issued by the Qingyuan County Supervisory Committee in Lishui City, Zhejiang Province, and that the Qingyuan County Supervisory Commission had lifted the lien measures against Fan Peiren. Currently, Fan Peiren, the controlling shareholder, one of the actual controllers and directors of the company, has been able to perform his duties as a director of the company normally, and the company's production and operation conditions are normal.