Hunan Development: Kaiyuan Development will undergo liquidation

Hunan Development announced that the Kaiyuan Development Fund Management Co., Ltd., in which the company holds shares, has completed the exit from all managed funds. According to the resolution of the first shareholders' meeting of Kaiyuan Development in 2025, Kaiyuan Development will terminate its operations, cease related business activities, and conduct liquidation within the year. The company will closely monitor the progress of this matter and timely fulfill the corresponding decision-making or disclosure procedures