Statement on the relationship between Sunrise Group (parent company of Smart Shirts) and Youngor Group
Since 2017, Mr. Xu Lei has been the actual controller of Sunrise Group, while Youngor Group has only been a minority shareholder of the company. Youngor Group does not appoint any directors, supervisors and senior executives to the
Sunrise Group, and does not participate in any management or operation decision of the company except for 17.87% of the voting rights at the general meeting of shareholders.
