Corporate activities of Pinocchio Co., Ltd.

20 1 On July 23rd, 24th and 25th, 2004, Weibo, the official of Fujian Norway, issued three statements in succession, the main content of which was1. The board of directors of the company confirmed that Hui Ding had lost contact and reported the case in Hong Kong. 2. Whether Hui Ding lost contact involves absconding with money has not been confirmed by the company or the competent department. 3. Hui Ding's loss of contact is a personal act, which affects the company's reputation, but it cannot determine the company's continuing operation. The board of directors will hold him accountable and deal with it. 4. At present, the company headquarters and stores are operating normally.

On July 29, after confirming that the boss lost contact, all Nuoqi stores in Xiamen started clearance promotion, and some stores were sold out and closed. Fujian Norwich Shanghai Branch posted a notice that there would be a four-day holiday from July 28th to 3rd1,while Anhui Branch owed eight workers decoration money and wages, and they were going to jump off a building on the 22nd floor of Jing Rong Garden Community in Zhanqian Road, Hefei.