On April 19, 2023, Kai, Xie together with Fujuan, Liu, and Guangli, Fan together submitted the proposal "On Adjusting the Distribution Plan for 2022 Profits Proposal" to request Xiamen Yanjan New Material to transfer 2 additional shares for every 10 shares issued to all shareholders. This proposal is mutually exclusive to the proposal approved at the 16th meeting of the third Board of Directors "On the Distribution Plan for 2022 Profits Proposal" which is about: not distributing cash dividends; no bonus shares; and no conversion of capital reserves into additional share capital.