On May 14, 2021, Yongxin Huarui, holding 25,000,000 shares, equivalent to 20.53% of Hangzhou Tianmushan's capital, submitted an ad-hoc proposal to the convener of the shareholders' meeting. The proposal nominated Mr. Ren Jiapeng, Mr. Li Feng, Ms. Yu Jing, and Ms. Liu Chunjie as candidates for non-independent directors of the Company's eleventh board. Additionally, Mr. Zhao Xiang and Ms. Li Bin were nominated as candidates for independent directors of the eleventh board, and Mr. Zhang Jun was nominated as a candidate for the eleventh supervisory board non-employee supervisor.