Regarding news report that the Federal Court of Australia approved Australian Taxation Office's request to freeze partial assets of the chairman of the company.

 Regarding news report that the Federal Court of
Australia approved Australian Taxation Office's request
to freeze partial assets of the chairman of the company.

1.Parties to the legal matter:Alex Wu
2.Name of the court or punishing agency of the legal matter:
Federal Court of Australia.
3.Reference/Case number of relevant documents of the legal matter:
None
4.Date of occurrence of the event:2024/04/24
5.Details of occurrence (including the matter under dispute):
As per reported by CTWANT, due to differences in
income determination between the chairman of the
company and the Australian Taxation Office (ATO),
the ATO applied to Federal Court of Australia to freeze
partial assets of the chairman within the Australia
jurisdiction and was approved.
6.Handling procedure:
The chairman of the company expressed that he has
appointed an Australian counsel to handle this matter,
and posted bond in filing an objection through the
review of administrative process. The Federal Court of
Australia lifted the aforementioned asset freeze order
on the 8th January, 2024.
7.Impact on the Company's finance and business and projected amount:
The event involves personal tax event of the chairman,
and is unrelated to the company.
8.Countermeasures and improvement status:N/A
9.Any other matters that need to be specified(the information
 disclosure also meets the requirements of Article 7, subparagraph 2
 of the Securities and Exchange Act Enforcement Rules, which brings
 forth a significant impact on shareholders rights or the price of
 the securities on public companies.):None.