Asia Potassium International responds to the chairman being detained: the investigation matter is unrelated to the company, and the company's production and operation are normal

On March 30th, at 17:00, in response to the detention of Chairman Guo Baichun, Asia Potassium International announced that the company received a notice of detention from the Ningxia Hui Autonomous Region Supervision Commission on March 29, 2024. During his tenure as the Deputy Mayor of Yinchuan City, Ningxia Hui Autonomous Region, Guo Baichun was suspected of dereliction of duty and is currently under investigation and detention by the Ningxia Hui Autonomous Region Supervision Commission. This investigation is aimed at the individual investigation of Chairman Guo Baichun and has nothing to do with the company. At present, the production and operation of the company are normal, and the company has a sound governance structure and internal control mechanism. The company operates in accordance with relevant laws, regulations, and systems. As of the disclosure date of this announcement, there has been no change in the company's control, the operation of the board of directors is normal, and daily business management is the responsibility of the executive team. The production and operation of the company and its subsidiaries are steadily advancing.