Huaxia Happiness announced that the board of directors of the company rejected five temporary proposals submitted by shareholder Ping An Life Insurance Co., Ltd. until the 3rd Extraordinary General Meeting of Shareholders in 2025 for consideration. The provisional proposal includes a bill on identifying matters relating to the pre-restructuring, reorganization, and liquidation of the company as special resolutions of the shareholders' meeting. The main reasons include: the proposal violates relevant laws and regulations, conflicts with matters to be considered by the company, or does not fall within the scope of the shareholders' meeting. Chairman Wang Wenwen and all non-independent directors and independent directors all voted against it.

Huaxia Happiness announced that the board of directors of the company rejected five temporary proposals submitted by shareholder Ping An Life Insurance Co., Ltd. until the 3rd Extraordinary General Meeting of Shareholders in 2025 for consideration. The provisional proposal includes a bill on identifying matters relating to the pre-restructuring, reorganization, and liquidation of the company as special resolutions of the shareholders' meeting. The main reasons include: the proposal violates relevant laws and regulations, conflicts with matters to be considered by the company, or does not fall within the scope of the shareholders' meeting. Chairman Wang Wenwen and all non-independent directors and independent directors all voted against it.