[Kaisheng Rongying sets up Compliance Management Committee] May 10, Kaisheng Rongying issued a statement saying: recently, the national security organs have punished our company and put forward rectification requirements. We are deeply aware that in our past business activities, we have failed to fully fulfill the responsibility of national security prevention, and there are major hidden dangers and loopholes, which have caused serious harm to national security. In order to actively implement the relevant rectification and reform requirements of national security organs, our company has set up a compliance management committee. The Compliance Management Committee is composed of three company directors, Xu Rujie, Cheng Yijiang and Tuqiang, with Cheng Yijiang as the chairman.