On July 13, 2023, in response to pressing regulatory concerns and to prevent potential disruptions to the Company's stability and operations, Bright Oceans has decided to cancel the Second Extraordinary Shareholders Meeting initially scheduled for July 16, 2021. The proposing shareholders' suggestions by the shareholders Wang Liwei, Guo Shiming, Wang Risheng, Lv Xiufen, and Wang Xiangye, such as amending the Company's articles and removing six directors, raised apprehensions about their impact on the Company's continuity and long-term development. Additionally, the supervisory board is instituting a special investigation team to thoroughly examine allegations against the directors, necessitating an extended timeline beyond the initially planned meeting date.