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Current situation of Zhengzhou Siwei Group

The current situation of Zhengzhou Siwei Group:

1. Siwei Group and its two major entities, Siwei Mechanical and Electrical and Siwei Materials, are now listed as persons subject to execution for breach of trust. Siwei Ecological Park, located in Guangwu Town, Xingyang City, has become a shell company after being sold at a low price in April this year. Especially after Wang Moumou, chairman of Siwei, died of a sudden illness on May 23, the company's various businesses were suspended and the vast majority of employees were no longer able to go to work normally.

2. Employees have generally been owed wages and social security for several years, involving more than 1,000 employees.