Stock Alteration--Chigo HVAC Starts Operating Independently from Chigo Holding

Chigo Holding (HK.00449) announced on April 1 that it completed the alteration in investor behaviors and sold 40% shares of Guangdong Chigo Heating&Ventilation Equipment Co., Ltd.. After the stock alteration, Jinheyi Investment Co., Ltd.(the actual controller was Zhangquan) , Chigo Holding, Wang Feng, Ma Junxia and Tong Zhijun held 55.4%, 30%, 8.4%, 4.0% and 2.2% of the share in Chigo HVAC respectively.