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[Earth Bear intends to cancel two subsidiaries are Earth Bear Tianjin Company and Hefei Magnetic Application] on October 30, Earth Bear issued a notice on the cancellation of its subsidiary, saying that on October 29, 2021, the 20th meeting of the sixth board of directors of Anhui Earth Bear New Materials Co., Ltd. (hereinafter referred to as "the company") deliberated and passed the "Bill on cancellation of subsidiaries". It is agreed that the company should cancel Tianjin Earth Bear Mechanical and Electrical Co., Ltd and Hefei Earth Bear Magnetic Application Technology Co., Ltd., and authorize the management to handle the cancellation.